window.pageData = {"stock":{"_id":3000000025226,"name":"西部利得汇盈债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"025226","tickerId":25226,"shortName":"西部利得汇盈债券D","currency":"CNY","exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"inceptionDate":"2025-08-12T16:00:00.000Z","pinyin":"xbldhyzqxzqtzjj","fundCollectionId":4000050620000,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50620000","tickerId":50620000,"name":"西部利得基金管理有限公司"},"managers":[{"name":"易圣倩","stockType":"fund_manager","stockCode":"db20839154","exchange":"fm","tickerId":251917223750}],"hotMetrics":{"fss":{"stockId":3000000025226,"type":"fss","last_data_date":"2025-12-30T16:00:00.000Z","f_ins_h_s_r":1,"f_ind_h_s_r":0,"f_h_a":16},"fpr":{"stockId":3000000025226,"type":"fpr","f_cagr_p_r_fs_ssc":7297,"f_cagr_p_r_fs_ssrp":0.871984649122807,"f_p_r_m1_ssc":7598,"f_p_r_m1_ssrp":0.5549559036461761,"f_p_r_m3_ssc":7519,"f_p_r_m3_ssrp":0.24860335195530725,"f_p_r_fys_ssc":7460,"f_p_r_fys_ssrp":0.32015015417616305,"f_p_r_m6_ssc":7338,"f_p_r_m6_ssrp":0.3823088455772114},"fp":{"stockId":3000000025226,"type":"fp","last_data_date":"2026-05-21T16:00:00.000Z","f_cagr_p_r_fs":0.01635449977158565,"f_p_r_m1":0.0014404033129276073,"f_p_r_m3":0.009437386569873363,"f_p_r_fys":0.014408170709467205,"f_p_r_m6":0.013761049849632556},"ff":{"stockId":3000000025226,"type":"ff","f_fr_d":"2025-08-11T16:00:00.000Z","f_m_fr":0.003,"f_c_fr":0.001,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000025226,"type":"f_nlacan","f_nv_d":"2026-05-21T16:00:00.000Z","f_nv":1.1124,"f_nv_cr":0.00008990380293094624},"f_as":{"stockId":3000000025226,"type":"f_as","f_tas":854726254.0446,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1},{"_id":3000000675163,"name":"西部利得汇盈债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"675163","tickerId":675163,"shortName":"西部利得汇盈债券C","__csrcFundId":5205,"lastUpdated":"2025-01-04T00:32:40.154Z","exchange":"jj","inceptionDate":"2018-03-25T16:00:00.000Z","followedNum":2,"fundCollectionId":4000050620000,"currency":"CNY","status":"normal","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"xbldhyzqxzqtzjj"}],"bondHoldings":[{"_id":"69e7d7a66201787ae12a5e5f","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000675161,"stockCode":"250431","stockName":"25农发31","holdings":1200000,"marketCap":121083057,"netValueRatio":0.0285,"lastUpdated":"2026-04-21T20:01:42.093Z"},{"_id":"69e7d7a66201787ae12a5e60","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000675161,"stockCode":"240202","stockName":"24国开02","holdings":1000000,"marketCap":101261342,"netValueRatio":0.0238,"lastUpdated":"2026-04-21T20:01:42.097Z"},{"_id":"69e7d7a66201787ae12a5e61","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000675161,"stockCode":"250415","stockName":"25农发15","holdings":1000000,"marketCap":101167041,"netValueRatio":0.0238,"lastUpdated":"2026-04-21T20:01:42.100Z"},{"_id":"69e7d7a66201787ae12a5e62","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000675161,"stockCode":"112516124","stockName":"25上海银行CD124","holdings":1000000,"marketCap":99948707,"netValueRatio":0.0235,"lastUpdated":"2026-04-21T20:01:42.104Z"},{"_id":"69e7d7a66201787ae12a5e63","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000675161,"stockCode":"112512054","stockName":"25北京银行CD054","holdings":1000000,"marketCap":99945223,"netValueRatio":0.0235,"lastUpdated":"2026-04-21T20:01:42.110Z"}]},"list":[{"_id":"69e7d5ad6201787ae129f851","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","stockId":3000000675161,"sao":"2026年1季度，债券市场整体呈现震荡修复态势。年初公募基金销售新规落地好于预期，但在权益市场上涨、超长债供给担忧背景下，股债跷跷板效应明显，10Y国债收益率最高上行至1.9%附近。后银行、保险负债端表现强劲，配置盘逐步发力，货币财政协调配合下，前期市场对供需结构的担忧有所缓解，债券收益率持续下行，10Y国债收益率下行至1.78%附近。春节后美伊局势升级推升通胀预期，叠加两会政策博弈、经济数据好于预期等因素，长端利率陷入震荡调整走势。整体而言，一季度债市在多重因素扰动下表现出较强韧性，短端受益于流动性环境宽松表现亮眼，长端受通胀预期扰动、基本面与政策博弈等因素影响持续震荡。　　本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。感谢持有人支持，我们将继续努力为持有人带来优异回报。","lastUpdated":"2026-04-21T19:53:17.139Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1469277","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69ca7cf87ecbd37c10afc0af","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000675161,"sao":"2025年国内债券市场整体呈现震荡格局，低利率环境下债市波动有所加剧。基本面，2025年全年我国顺利完成5%的经济增长目标，国内出口受“抢跑”效应支撑但关税隐忧仍存，房地产行业分化明显，物价表现中性，经济呈现出结构性亮点但整体仍在温和修复区间。政策面，政府类债券供给增加，央行虽降准降息但节奏克制，强调防范资金空转，重视结构性工具的使用。资金面，流动性“量松价稳”的格局延续，上半年流动性环境相对偏紧，下半年随着买断式逆回购等工具精准投放，流动性转为均衡偏松。机构行为方面，市场定价权从交易盘向配置盘转移，股债跷跷板效应较为显著，机构行为扰动下债券交易难度显著提升。　　本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。","lastUpdated":"2026-03-30T13:39:04.927Z","mo":"展望2026年，债券市场可能仍维持震荡格局。宏观经济可能延续修复状态，低通胀支撑债市但PPI降幅收窄及地产企稳可能形成阶段性扰动。政策面货币政策适度宽松，财政发力推升供给，在央行多重结构性工具使用下，资金利率中枢或有小幅下移。整体来看，债券收益率下行机会或可能仍然有限，需要通过灵活的波段交易及票息策略获取收益。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1449895","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5d1","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-26T16:00:00.000Z","stockId":3000000675161,"sao":"2025年3季度，债市情绪明显走弱，国内债券收益率震荡上行。7月，国际地缘局势缓和，需求端雅鲁藏布江水电工程带动稳增长预期抬升，供给端“反内卷”政策拉动通胀预期抬升，商品、权益等风险资产表现强势，风险偏好压制下债市明显走弱。8月，财政部发布公告对国债、地方债、金融债的利息收入恢复征收增值税，债市一级供给压力有所加大，期间权益市场整体表现强劲，股债跷跷板效应强化。9月，证监会发布公募基金费率新规征求意见稿，市场对于债基负债端不稳定性的担忧上升，或进一步抑制了债市做多情绪。整体来看，三季度央行呵护下资金面波动有所加剧但整体仍然宽松，风偏抬升及监管政策对市场影响较大，债券曲线明显走陡，信用利差走阔。　　本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。感谢持有人支持，我们将继续努力为持有人带来优异回报。","lastUpdated":"2026-03-09T14:16:30.067Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1369772","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5d0","date":"2025-06-29T16:00:00.000Z","stockId":3000000675161,"sao":"2025年上半年国内债市受政策预期差、中美贸易摩擦、资金面等因素影响，利率走势先上后下，收益率整体处于窄幅震荡区间。年初至3月中旬，经济数据边际转暖，信贷开门红成效较好，一季度发债节奏较快，资金面收紧叠加机构行为趋同等因素，债市收益率快速上行，10Y国债收益率上行至1.9%附近。3月中旬央行公开市场净投放，资金面边际转松，4月初受到对等关税影响，10Y国债收益率一度下行近30bp。4月中旬以后，中美关税博弈缓和，央行降准降息，资金面保持中性偏松。但风偏提升背景下债市相对承压，10Y国债收益率在1.65%至1.70%区间内反复波动。　　本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。","declarationDate":"2025-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.062Z","mo":"展望下半年，国内债券市场大概率仍将维持区间震荡的格局。下半年海外不确定性、国内宏观经济走向及政策刺激力度仍是关键变量，下半年债市或仍以把握阶段性交易机会为主。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1338415","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5cf","date":"2025-03-30T16:00:00.000Z","stockId":3000000675161,"sao":"2025年1季度，债券市场整体走势偏弱，债券收益率先上后有小幅下行。1-3月中旬的利率上行受到多重因素的影响，经济数据边际转暖带动市场风险偏好提升，央行政策态度偏紧、政府类债券加速发行、银行缺负债格局下流动性始终处于紧平衡状态，抑制市场做多情绪。叠加机构行为较为趋同，利率低位水平下机构集中止盈，加剧市场波动。根据wind数据，期间10Y国债收益率触及阶段性高点1.9%附近，收益率较2024年年末上行超20bp。3月中下旬开始，央行公开市场转为净投放，市场预期货币政策立场和监管调控态度转暖，利率出现修复性行情，10Y国债至月末下行至1.8%附近。　　本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。感谢持有人支持，我们将继续努力为持有人带来优异回报。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.059Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1267146","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5ce","date":"2024-12-30T16:00:00.000Z","stockId":3000000675161,"sao":"2024年国内经济温和修复，货币政策处于宽松周期，央行年内降准降息，并通过买断式逆回购、国债买入等操作维持流动性合理充裕，政府类债券供给偏慢，取消“手工补息”后存款搬家使得非银机构负债较为充裕，以银行理财为代表的广义基金等规模持续增长，债券供需结构有所失衡，结构性资产荒演绎深化，推动债券收益率持续下行。2024年债市走势波动性有所加剧，政策预期博弈、资金面情况、监管政策及机构行为对市场的影响更为凸显。利率的频繁波动使得市场参与者难以准确把握市场趋势，投资决策的难度有所增加。　　本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.052Z","mo":"展望2025年，宏观经济或仍延续缓步修复状态，政策出台带动的宏观预期变化可能对市场造成阶段性扰动。广义流动性环境宽松，结构性资产荒现象可能延续，但监管政策变化及机构行为对债市的影响可能加剧。2025年债券市场在政策宽松及结构性资产荒背景下仍具投资机会，但波动可能加剧，投资者需要更关注政策变化和市场波动，灵活调整投资策略。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1246531","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5cd","date":"2024-09-29T16:00:00.000Z","stockId":3000000675161,"sao":"2024年3季度，债市收益率呈现先下后上的走势。三季度国内经济基本面仍然维持温和修复状态，7月央行对流动性的超额投放和降息操作推动了无风险利率下行。8月由于央行卖债操作和债市监管收紧，债券收益率快速上行。9月份在新一轮降准降息政策落地之前，市场无风险利率再创新低，10Y国债活跃券最低触及2%，30Y国债最低突破2.15%。但随着宽信用政策的快速出台，市场风险偏好上升，债券收益率快速上行。　　本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。感谢持有人支持，我们将继续努力为持有人带来优异回报。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.050Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1176088","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5cc","date":"2024-06-29T16:00:00.000Z","stockId":3000000675161,"sao":"2024年上半年国内债券收益率震荡下行。1-2月，债市受经济增长预期、央行降准并调降5Y期LPR利率、债券供给较少等因素共同推动，收益率快速下行。3-4月，宏观数据呈现结构性亮点、稳汇率制约短期政策进一步宽松空间，债市潜在供给压力增加，机构止盈情绪升温叠加监管表态等因素扰动，债券收益率呈现区间震荡走势。5-6月，高频数据显示经济温和修复，地产政策处于效果观察期，债市供给冲击相对缓和。禁止手工补息政策对市场的影响逐步凸显，以银行理财为代表的广义基金规模持续增长，结构性资产荒背景下，债券收益率重回震荡下行。　　本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.047Z","mo":"展望下半年，信用扩张链条有望进一步打通，宏观经济或仍延续稳健复苏状态，政策出台带动的宏观预期变化可能对市场造成阶段性扰动。广义流动性环境宽松，结构性资产荒现象可能延续，但监管表态及机构行为对市场的影响可能加剧债市波动，预计下半年债市仍处震荡区间，重点把握阶段性交易机会。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1141899","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5cb","date":"2024-03-30T16:00:00.000Z","stockId":3000000675161,"sao":"2024年1季度，国内宏观经济延续温和复苏态势，其中外贸和消费数据表现较好，而房地产数据则依然偏弱。货币政策方面，央行降准并调降5Y期LPR利率，进一步推升市场宽松预期，在流动性充裕的背景下，机构欠配压力凸显，债市整体表现较好，特别是超长端国债。3月中旬后，债市交易主线逐步改变，宏观数据仍然呈现结构性亮点，稳汇率或制约了短期政策进一步宽松的空间，潜在的债券供给压力使得投资机构止盈情绪增强，债券收益率窄幅震荡。  本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。感谢持有人支持，我们将继续努力为持有人带来优异回报。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.044Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1067883","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5ca","date":"2023-12-30T16:00:00.000Z","stockId":3000000675161,"sao":"2023年债券市场围绕着“经济修复预期差、房地产政策持续优化、地方政府债务化解”三条主线演绎，全年债券市场呈现小牛格局，结构性资产荒现象较为凸出。2023年债市大致可以分为三个阶段：第一阶段（2023年1月至8月中旬），年初债券市场仍受“理财赎回潮”影响，随后由于经济修复节奏放缓，市场流动性环境整体宽裕，银行负债成本压力凸显，央行的降准降息等措施推动债市收益率持续下行；第二阶段（2023年8月中旬至10月），“认房不认贷”等稳增长政策持续加码，力度超出市场预期，资金面边际收敛叠加陆续公布的各项经济数据均有好转，债市在止盈情绪推动下，收益率小幅上行；第三阶段（2023年10-12月），特殊再融资债券推升政府债供给，资金面波动加剧，深圳地产政策优化及金融防空转等政策对债券市场形成扰动，后随着中央经济工作会议等重要会议落地，部分银行下调存款利率，市场再度交易宽松预期，债券收益率震荡下行。  本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.042Z","mo":"展望2024年，以高质量发展促进经济增长仍是重点工作，关注三大工程增量及财政政策力度。伴随海外流动性环境转向宽松，汇率压力或有所下降，国内广义流动性环境可能仍然维持宽松格局，但银行负债成本下行偏慢，可能会制约中短端利率下行幅度。期间政策预期差、金融监管、债券供给压力增加等因素可能造成阶段性扰动。整体来看，债市可能仍然处于震荡区间，结构性资产荒现象或仍持续。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1050029","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5c9","date":"2023-09-29T16:00:00.000Z","stockId":3000000675161,"sao":"2023年第3季度，国内债券收益率先下后上，整体呈现“V”型走势。下半年政策力度逐步加码，7月24日政治局会议提及加大宏观政策调控力度，加强逆周期调节和政策储备，并提出了一揽子化债及活跃资本市场等方案，债市于7月下旬出现较大幅度调整。8月，虽然促进民营经济发展、消费修复等政策频出，但是未对债市形成明显扰动。8月公布的社融增速低于预期，经济数据走弱，8月15日央行宣布降息，债市做多热情高企，10Y期国债收益率下行突破2.6%关口。8月下旬，印花税减半征收，多部门联手呵护资本市场，8月31日央行、金融监管总局联合发布《关于调整优化差别化住房信贷政策的通知》和《关于降低存量首套住房贷款利率有关事项的通知》，政策力度超出市场预期。9月，资金面的持续边际收敛叠加陆续公布的PMI、金融及经济数据均有好转，债市止盈情绪再度发酵，债市收益率小幅回升。  本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。感谢持有人支持，我们将继续努力为持有人带来优异回报。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.039Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=985950","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5c8","date":"2023-06-29T16:00:00.000Z","stockId":3000000675161,"sao":"2023年上半年国内债券收益率震荡下行，债市走出一波小牛行情。今年上半年债市整体来看可以分为三段行情：春节前债市受经济基本面“弱现实、强预期”逻辑压制走弱，债市在宽信用预期主导下收益率小幅上行。两会过后债市“弱现实强预期”逻辑逐步修正，高频数据反映经济修复节奏放缓，市场对后续经济复苏斜率预期有所修正。实体融资需求偏弱，市场流动性环境整体宽裕，银行负债成本压力逐步凸显。6月中旬OMO政策利率下调10bp，降息时点略早于市场预期，降息以后市场开始交易进一步稳增长政策预期，止盈压力开始浮现，叠加季末资金价格较高，债市收益率在触及年内低点后小幅回调。    本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.036Z","mo":"展望下半年，随着社会活动的有序恢复，经济增长动能有望修复，现阶段依然处于经济结构调整和增长模式切换的过程之中，居民消费修复和社会投资恢复仍需要一定时间。在高质量经济增长的要求指引下，大水漫灌的刺激政策出台的概率较低，这就导致经济的修复不是一蹴而就，而是在长期经济向好的趋势中，会有一定的反复和波动。上半年货币政策整体呈现稳健偏宽松的特征，下半年在稳增长政策组合拳下，广义流动性环境仍可能维持在相对宽松水平。地产政策的微调及财政政策的发力可能给债券带来阶段性逆风。整体而言，政策预期差或成为下半年债市交易的重心，债市或仍处震荡区间。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=959142","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5c7","date":"2023-03-30T16:00:00.000Z","stockId":3000000675161,"sao":"2023第1季度，国内债市收益率先上后小幅向下，wind数据显示，10Y国债收益率一季度振幅在15bp以内，债市处于窄幅震荡区间。春节前资金面先紧后松，虽然去年12月份官方制造业PMI走弱、社融总量数据回落，但宽信用预期下债市情绪谨慎，叠加银行理财赎回余波仍在，债市收益率小幅上行。春节后，消费数复苏状况良好，但乘用车及房地产等高频数据修复不及预期，且资金利率波动有所加剧，债市窄幅震荡。两会后，全年经济增长目标设定为5%左右，市场前期担忧的超预期稳增长政策并未出台，后央行超预期降准、海外银行体系风险事件推升市场避险情绪升温，且年初机构配置需求仍存，在多重利好因素推动下债市情绪有所回暖，收益率小幅下行。  本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。感谢持有人支持，我们将继续努力为持有人带来优异回报。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.034Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=883226","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5c6","date":"2022-12-30T16:00:00.000Z","stockId":3000000675161,"sao":"2022年债券市场受国内外多重因素影响，整体呈现窄幅震荡格局。2022年上半年债市围绕疫情形势的演绎，在“宽信用”和“弱复苏”之间反复博弈，收益率始终未突破震荡形态。2022年7月至8月中旬，疫情反复叠加地产景气度下行，政策面央行降息、增量财政政策不及预期，资金利率中枢下移，带动债市收益率持续下行。8月中旬之后，债市利空因素逐步释放，国内维稳房地产政策发力，经济数据出现边际好转迹象，资金利率中枢小幅上行，11月份以后理财赎回压力加剧债市波动与调整幅度。  本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。","declarationDate":"2023-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.031Z","mo":"展望后市，预计在疫情管控全面放开的大环境下经济增速会较2022年出现较大的改善。随着房地产发展支持政策的陆续出台，房地产对经济的拖累大概率会有所减弱。海外方面，美国经济下半年放缓风险增大，出口对经济增长的拉动作用可能减弱，预计经济将呈现弱复苏态势。政策端，财政政策可能围绕基建及促进居民消费等领域持续发力，货币政策在宏观经济有效企稳前暂无收紧的紧迫性。在经济弱复苏背景下，债市利率中枢或较2022年有小幅上行，整体可能仍然维持震荡格局，而信用分化现象或较为显著。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=866740","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5c5","date":"2022-09-29T16:00:00.000Z","stockId":3000000675161,"sao":"2022年3季度，债市先扬后抑，以8月中旬为界，收益率整体呈现“V”型走势。8月中旬之前，疫情出现反复叠加房地产市场出现一些负面事件，国内经济基本面偏弱运行；政策方面，央行降息，但增量财政政策不及市场预期，资金利率中枢下移，带动债市收益率持续下行。8月中旬之后，国内维稳房地产政策发力，经济数据出现边际好转迹象，资金利率中枢小幅上行。海外方面，美国通胀超预期，美联储鹰派加息，美债收益率出现较大幅度上行，人民币对美元汇率贬值，国内债市承压，收益率上行。  本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。感谢持有人支持，我们将继续努力为持有人带来优异回报。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.028Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=801602","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5c4","date":"2022-06-29T16:00:00.000Z","stockId":3000000675161,"sao":"2022年上半年国内债市受新冠疫情、地缘政治等多重因素影响，整体呈现窄幅震荡格局。基本面，一季度我国经济发展势头良好，但二季度新冠疫情有所反复，4月份国内主要经济指标走弱，后随着疫情控制总体向好，稳增长政策有效实施，6月份经济开始企稳回升。政策面，政府通过推出多重政策助力稳增长，货币及财政政策靠前发力，整体呈现宽松取向。整体而言，上半年疫情影响下，宽货币与宽信用预期带动国内债市反复波动，海外通胀及中美利差倒挂对国内债市形成阶段性压力，10Y国债收益率走势未突破20bp的窄幅震荡区间。今年上半年流动性环境整体偏松，信用类资产供给相对稀缺，信用债整体表现相对较强。  本基金在报告期内采用稳健积极的投资策略，配置优质信用债，参与了利率债波段交易。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.026Z","mo":"展望下半年，随着疫情防控态势逐渐向好，经济增长动能可能缓慢修复，投资端基建或保持较高增速水平，消费仍受国内疫情管控政策的影响，或呈现缓慢修复状态。为巩固经济企稳向好趋势，预计下半年货币政策基调可能仍然偏松，财政政策的重心或转向推进实物工作量落地和终端需求回升，下半年债市或仍将维持震荡格局。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=780197","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5c3","date":"2022-03-30T16:00:00.000Z","stockId":3000000675161,"sao":"2022年1季度，债券市场受国内外多重因素影响，收益率先下后上，呈现“V”型走势。春节前债市基本为宽货币主导的行情，央行推动1年期MLF和7D期OMO利率下调10bp，随后LPR利率也有下调。春节后宽信用预期逐渐深化，1月份社融信贷数据好于预期，部分指标显示经济基本面好转，房地产政策边际回暖，多地下调房贷利率，市场对MLF与LPR降息预期落空，宽信用成为债市主导逻辑。海外方面，俄乌局势变化导致大宗商品价格大幅波动，美国国内通胀压力增加、就业数据改善，美联储紧缩政策提速，中美利差大幅压缩，亦压制国内债市表现。本基金在报告期内采用稳健的投资策略，重点配置了中高等级信用债，参与了利率债波段交易。感谢持有人支持，我们将继续努力为持有人带来优异回报。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.023Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=722313","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5c2","date":"2021-12-30T16:00:00.000Z","stockId":3000000675161,"sao":"2021年经济整体上呈现复苏斜率逐步放缓的过程，表现为“类滞胀”格局。滞方面，地产为需求的主要拖累项。胀方面，通胀过程中PPI先行，但上游向下游传导缓慢，“PPI-CPI”剪刀差走阔。  政策上呈现稳货币紧信用特点，侧重“调结构”。货币政策在兼顾多目标下保持灵活。财政政策缓退坡。社融增速相对去年大幅下行，地方债发行节奏明显后置。  在此基础上，利率债方面，1月中旬到2月下旬大宗商品快速上行带动利率债收益率上行；3-6月资金面超预期宽松，利率债收益率下行为主；7月至9月，央行超预期降准，市场乐观情绪快速演绎；10月，市场对类滞胀担忧升温，债市一度回调；10月下旬开始，发改委多举措调控煤炭价格，11-12月，利率债收益率重归下行。信用债市场，总体呈现资产荒的局面，信用利差整体收窄。高等级信用债收益率下行明显，中低资质信用债情绪有所修复，抛售情况缓解，但对于弱资质地区和景气度较低的行业，仍需防范尾部风险。结合上述判断。本基金在报告期内采取稳健的投资策略，投资中短期限的债券，并参与利率债的波段机会，保持合适的组合久期和流动性。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.020Z","mo":"展望2022年。经济方面，关注稳增长主线，地产可能托而不举，基建前置发力；通胀和通胀预期可能不是市场主线。  政策方面，稳货币紧信用可能逐步转向稳货币稳信用，稳增长措施逐步落地，财政前置发力，不排除一季度社融增速见底回升可能性。  债市方面。利率债：债市环境复杂，稳增长力度加大，社融增速可能见底回升，后续利率行情可能波动加大。资金面收紧概率较小，杠杆套息的确定性较高。信用债：地产行业房住不炒的主基调不改，房地产行业日益强调其公益性属性，托举地产行业的主体可能为央企和地方国企；城投方面需提防隐性债务管控措施冲击。高负债高周转的民企地产主体和弱资质地区城投，面临潜在的信用风险冲击，投资上需要严格防范尾部风险。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=708570","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5c1","date":"2021-09-29T16:00:00.000Z","stockId":3000000675161,"sao":"三季度经济整体上呈现“类滞胀”局面。经济增长方面，能耗双控，地产调控，经济下行压力较大。通胀方面，供给限制因素主导下，PPI继续冲高，PPI-CPI 剪刀差处于历史高位，下游承受较大压力，制造业订单、生产与成本压力有增无减。金融数据方面，需求不强与监管因素叠加，社融增速下行且结构不佳。货币政策并未全面放松，以结构性为主。财政政策边际发力，但隐性债务监管仍制约广义财政空间，基建托而不举。在此基础上，利率债方面，7月份国务院常务会议提出全面降准，超出市场预期，利率快速下行；8-9月，降准后资金并未明显宽松，资金利率继续围绕omo利率波动，收益率曲线有所走平，十年国债围绕2.8%-2.9%之间震荡。信用债市场，三季度信用债下行幅度小于同期限利率债，信用利差略微走阔。中低资质主体信用利差走阔幅度大于高等级主体。尾部风险仍需防范，市场继续规避弱资质地区城投和民企地产债。结合上述判断。本基金在报告期内采取相对稳健的投资策略，保持合适的组合久期和流动性，严格控制组合持仓信用债资质。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.018Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=651108","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5c0","date":"2021-06-29T16:00:00.000Z","stockId":3000000675161,"sao":"上半年经济整体上呈现危机复苏中后期特点，“类滞胀”格局初现端倪。滞方面，地产和基建调控始终从严，复苏斜率逐步放缓。胀方面，通胀过程中PPI先行，但上游向下游传导缓慢，“PPI-CPI”剪刀差走阔。  政策上呈现稳货币紧信用特点，侧重“调结构”。货币政策在兼顾多目标下保持灵活。财政政策缓退坡。社融增速相对去年大幅下行，地方债发行节奏明显后置。  在此基础上，利率债方面，1月中旬到2月下旬大宗商品快速上行带动利率债收益率上行；3-5月资金面超预期宽松，利率债收益率下行为主，短端利率下行幅度大于长端；6月上半月资金利率小幅抬升，收益率震荡回升；6月下半月央行维稳半年末流动性，收益率有所下行。信用债市场，信用利差整体收窄。高等级信用债收益率下行明显，目前信用利差和绝对收益率已处于历史低位。中低资质信用债情绪有所修复，抛售情况缓解，但对于弱资质地区和景气度较低的行业，仍需防范尾部风险。  结合上述判断。本基金在报告期内采取稳健的投资策略，投资中短期限的债券，并参与利率债的波段机会，保持合适的组合久期和流动性。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.015Z","mo":"展望2021年下半年。经济方面，下半年经济下行压力略有显像：一方面，消费恢复缓慢，同时大宗上涨导致企业成本高企，中下游企业承受较大压力；另一方面，地产和基建受政策压制，动能可能衰减。好在欧美经济复苏还未结束，外需尚有韧性，经济失速风险不大。  政策方面，稳货币紧信用可能逐步转向稳货币稳信用，如后续地方债发行放量，财政后置发力，不排除三季度末社融增速见底回升可能性。  债市方面，利率债：债市内外环境复杂，经济可能继续下行但社融增速可能见底回升，下半年利率债供给规模大于上半年，也大于去年同期。后续利率行情可能波动加大。资金面收紧概率较小，杠杆套息的确定性较高。信用债：针对地产监管政策延续性较强，房地产去金融化意图仍在；城投方面须提防隐性债务管控措施冲击。高负债高周转的民企地产主体和弱资质地区城投，面临潜在的信用风险冲击的可能，投资上须要严格防范尾部风险。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=628833","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5bf","stockId":3000000675161,"sao":"一季度经济平稳开局。出口较强是经济核心拉动力；地产保有较强韧性；基建开局乏力；消费受制于就地过年表现较弱。总体上看，经济特点为生产好于需求、出口强于内需。  政策上强调不急转弯。重心由稳增长逐步转向兼顾防风险。货币政策在兼顾多目标下保持灵活。财政政策缓退坡。  在此基础上，利率债方面，1月份债券收益率先下后上，2月后债券维持窄幅波动。机构行为上，普遍短久期、低杠杆。信用债市场，信用风险事件频发，信用分层现象越发明显，高等级信用债收益率下行明显，中低资质信用债屡见抛售。  结合上述判断，本基金在报告期内采取相对稳健的投资策略，严格控制组合持仓信用债资质。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.012Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=567731","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5be","stockId":3000000675161,"sao":"2020年我国经济受疫情影响，经历先降后升、逐步复苏的过程。一季度伴随疫情的快速爆发国内经济面临较大下行压力，投资、消费均出现大幅下滑。2020年二季度以后国内经济呈现复苏态势，复产复工向纵深发展。全年看，中国有望成为2020年全球唯一实现正增长的主要经济体。但目前海外疫情形势依然十分严峻，甚至出现再次封城的现象。所幸疫苗研发快速推进，疫苗加速推广注射。  在此基础上，利率债方面，基本面和货币政策双重影响下，债券收益率先下后上，大幅震荡，呈现深v走势。信用债市场，信用风险事件频发，信用分层现象越发明显，国企信仰遭受冲击，信用分析更为重视企业自身经营情况。  结合上述判断。本基金在报告期内采取相对稳健的投资策略，本基金5月前积极进取，增配长久期利率债，保持高杠杆得操作；5月后转为短久期和低仓位操作，同时严格控制组合持仓信用债资质。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.010Z","mo":"展望明年，在疫情得以良好控制的情况下，预计国内经济将延续复苏态势；国际疫情形势仍然比较严峻，但是疫苗取得重大进展，利于提振信心。伴随着全球经济的陆续复苏，预计全球大幅度的货币宽松政策也将陆续退出，国内甚至不排除阶段性的边际收紧和降杠杆的可能性。  基于这样的判断，整体认为后续债券市场或将出现一定的震荡调整，信用债方面注重防范信用风险。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=553840","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5bd","stockId":3000000675161,"sao":"2020年三季度，得益于国内疫情控制较好，我国经济呈现逐步恢复态势，货币政策继续保持以稳为主。基本面向疫情前常态回归，消费延续平稳复苏，出口景气度持续向上，相关数据显示国内经济呈现环比回升。在基本面及货币环境等因素共同影响下，债券类资产的收益率整体呈现上行态势。结合对经济基本面和流动性情况的判断，本基金在报告期内采取相对稳健的投资策略，债券持仓整体以短久期品种为主，并保持了一定的杠杆水平以提高整体收益。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.007Z","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=489406","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed63e7fea5b3eb056a5bc","stockId":3000000675161,"sao":"2020年上半年，我国经济经历了先降后升、逐步复苏的过程。一季度伴随疫情的快速爆发国内经济面临较大下行压力，投资、消费均出现大幅下滑。疫情的扩散导致全球金融市场动荡加剧，因而全球央行开启降息模式。二季度随着复工复产快速推进，前期积极的财政政策加上宽松的货币政策效果显现，在基建和地产投资的推动下，二季度GDP同比上涨3.2%。但与此同时也出现宏观杠杆率快速提升，因此，五月份开始，央行货币政策逐步从最宽松阶段回归至稳健中性。在此基础上，利率债方面，基本面和货币政策双重影响下，上半年债券收益率先下后上，大幅震荡，呈现深v走势。结合对经济基本面和流动性情况的判断，本基金在报告期内采取稳健的投资策略，前五月主要投资中短期限的利率债，保持合适的组合久期和流动性。五月底组合卖出中短久期利率债，买入短久期信用债，挖掘信用债配置价值。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:30.004Z","mo":"债市上半年核心主线是疫情，展望2020年下半年，疫情影响逐步消退，经济和政策逐步回归正常化。货币政策强调直达实体，财政政策专项债和财政赤字发力。基本面向疫情前常态回归，基建为托底经济关键。基于这样的判断，整体认为后续债券市场或将出现一定的震荡调整，信用债的配置价值较此前有一定提升。","fund":{"_id":3000000675161,"__csrcFundId":5205,"stockCode":"675161","shortName":"西部利得汇盈债券(675161)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":675161,"masterFundFlag":1,"lastUpdated":"2026-05-01T08:58:24.576Z","status":"normal","inceptionDate":"2018-03-25T16:00:00.000Z","name":"西部利得汇盈债券型证券投资基金","exchange":"jj","followedNum":6,"fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得汇盈债券","pinyin":"xbldhyzqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20839154","stockType":"fund_manager","exchange":"fm","tickerId":251917223750,"name":"易圣倩"}]},"announcement":{"linkText":"西部利得汇盈债券型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=460447","linkType":"PDF","source":"csrc_pdf"}}]}