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结构上有所优化，新兴技术产业的增速高于传统经济，国内经济的高质量发展及新旧动能转换初见成效。经济数据的各分项指标，包括工业增加值、固定资产投资、社会消费零售都相较于6月数据呈下降趋势，其中房地产投资增速8月同比下滑至-12.9%。但8月全国规模以上工业增加值同比增长5.2%，其中高技术产业工业增加值增速达9.3%，显示出了结构上的优势。在经济增速放缓的背景下，三季度A股主要指数均大幅上涨，上证指数上涨12.73%，沪深300指数上涨17.90%，中证500指数上涨25.31%，创业板指数上涨50.40%。从行业表现来看，TMT板块的通信和电子表现较好，新能源的上涨也带动电力设备行业表现突出，银行、交运和石油石化收益排名落后。从市场风格来看，成长风格表现好于价值风格，小盘风格优于大盘风格。报告期内，作为量化指数增强型基金，本基金将严格遵照量化指数增强的投资模式进行操作，一方面严格控制组合跟踪误差，避免大幅偏离标的指数，另一方面坚持基本面量化投资的投资理念和投资方法，配置性价比占优的标的，积极调整投资组合，力求在跟踪指数的基础上实现超越业绩比较基准的投资回报。","lastUpdated":"2026-03-09T14:08:43.420Z","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1378613","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed46b7fea5b3eb0549c18","date":"2025-06-29T16:00:00.000Z","stockId":3000000110030,"sao":"回顾本报告期内，国内经济在复杂的国际局势下体现了一定的韧性。一、二季度的GDP增长平稳，分别为5.4%和5.2%。制造业PMI数据在四月受到外部冲击降至荣枯平衡线之下后，五、六月边际回升。从M2指标来看，上半年的货币增速稳中有升，在六月达到上半年新高8.3%，显示整体经济的扩张动能在逐渐改善。消费方面，虽然国际形势复杂、外部冲击较大，但在以旧换新的政策支持下社零有韧性。投资方面，尽管地产投资负贡献较大，制造业和基建投资保持高增速，托起了整体固定资产投资增速，从而整体经济保持平稳。从股票市场表现来看，上半年沪深300指数收益率为0.03%，中证500指数收益率为3.31%，创业板指数收益率为0.53%。虽然国际环境充满挑战和不确定性，但投资者对A股市场依然保持乐观，市场交投活跃整体偏强。从行业表现来看，有色金属、银行和国防军工等行业表现较好，煤炭、食品饮料和房地产等行业表现较差。报告期内，本基金依托量化选股模型，平衡中长期基本面与短期情绪指标，优选长期质地好、中短期具有性价比的公司进行均衡配置。在市场的震荡行情中，本基金积极进行调仓换股，坚持配置基本面相对优质的标的，并通过量化指标回避因标的拥挤度过高带来的风险。本基金在下阶段的投资运作中仍将坚持基本面量化投资的投资理念，以长期稳健收益为目标持续优化策略模型，力争为投资者创造稳健且持续的投资回报。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.417Z","mo":"展望下一阶段，尽管贸易谈判依然有不确定性，外部环境的风险尚未消除，但国内的政策应对工具丰富，可对经济起到对冲和支撑的作用。另一方面，资本市场的流动性在利率下行和政策引导的环境下保持充裕，叠加弱美元环境，外部资金也有流入的机会，因此股市风险偏好有望维持，我们看好A股后续表现。管理人在下阶段的投资运作中，将坚持使用基本面量化模型优选质地优良、性价比有优势的标的进行配置，重点把握市场的结构性机会。","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1349139","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed46b7fea5b3eb0549c17","date":"2025-03-30T16:00:00.000Z","stockId":3000000110030,"sao":"回顾本报告期，国内经济呈现景气上行，整体供给仍强于需求。一季度的制造业PMI数据呈现上行趋势，一月之后站在荣枯平衡线之上。M2数据仍在低位徘徊，整体经济信用扩张尚待观察；而M1数据同比维持正增长，但仍然在低位徘徊，整体经济活跃度不高。价格指数也相对较弱，1-2月CPI与PPI同比都在低位徘徊，还未见明显抬升。分项来看，固定资产投资同比增长4.1%，相较去年年底明显抬升，消费数据也有所改善，经济有望在政策呵护下逐渐恢复信心与活力。在经济弱活力逐渐恢复的环境下，A股市场在一季度成交活跃，市场整体呈现震荡走势。上证指数收益率为-0.48%，沪深300指数收益率为-1.21%，中证500指数收益率为2.31%，创业板指数收益率为-1.77%。风格上小盘相对大盘略占优，在成交活跃的环境下风险偏好处在相对高位。从行业表现来看，有色金属、汽车和机械等行业表现较好，煤炭、商贸零售和石油石化等行业表现较差。  报告期内，作为量化指数增强型基金，本基金将严格遵照量化指数增强的投资模式进行操作，一方面严格控制组合跟踪误差，避免大幅偏离标的指数，另一方面坚持基本面量化投资的投资理念和投资方法，配置基本面量化且性价比占优的标的，积极调整投资组合，力求在跟踪指数的基础上实现超越业绩比较基准的投资回报。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.414Z","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1275535","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed46b7fea5b3eb0549c16","date":"2024-12-30T16:00:00.000Z","stockId":3000000110030,"sao":"回顾本报告期，国内GDP增速为5.0%，价格方面CPI同比略正，PPI同比呈现负增长。全年看，经济增长需求不强，PMI指数在年中也低于荣枯线，九月下旬政策自上而下加大对经济和市场的呵护，国内整体信心得到提振，PMI指数四季度又站上荣枯线。结构上来看，工业增加值累计同比增长5.8%，社会消费品零售总额累计同比增长3.5%，呈现供给强于需求的局面。从股票市场来看，2024年A股整体先抑后扬，各大宽基指数表现相较前两年都有显著的改善。上证指数收益率为12.67%，沪深300指数收益率为14.68%，中证500指数收益率为5.46%，创业板指数收益率为13.23%。行业表现来看，银行、非银金融、通信、家用电器和电子涨幅靠前，医药生物、农林牧渔、美容护理、食品饮料和轻工制造跌幅靠前。从风格走势来看，价值风格优于成长风格，大盘风格优于小盘风格。报告期内，作为量化指数增强型基金，本基金严格遵照量化指数增强的投资模式进行操作，一方面严格控制组合跟踪误差，避免大幅偏离标的指数，另一方面坚持基本面量化投资的投资理念，灵活运用投资工具，配置基本面好且性价比占优的标的，积极调整投资组合，力求在跟踪指数的基础上实现超越业绩比较基准的投资回报。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.412Z","mo":"展望下一阶段，投资者对国内市场保持乐观。经济层面，自2024年9月政治局会议以来政策不断出台，缓解了制约经济发展的堵点，房地产市场也逐渐走出过去的悲观态势，部分城市地产市场出现升温。资本市场层面，由于自上而下政策的呵护，市场迎来了大幅反弹，并且市场交投保持活跃，受到政策鼓励的AI科技领域受到投资者的青睐，后续有望持续出现优秀的投资标的。前期反应相对较弱的新能源、医药和内需消费等板块也具备较好的估值性价比，后续有望随着经济复苏获得较好的回报。市场风格来看，看好成长风格。管理人在下阶段的投资运作中，将坚持使用基本面量化模型优选质地优良、成长性好、估值性价比占优的公司进行配置，重点把握市场的结构性机会。","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1249600","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed46b7fea5b3eb0549c15","date":"2024-09-29T16:00:00.000Z","stockId":3000000110030,"sao":"回顾本报告期，国内经济呈现走弱的态势，整体需求不足，供过于求。9月制造业PMI回升到49.8，但依然在荣枯平衡线之下，且结构上供给指标好于需求指标。广义货币供应量M2在低位徘徊，整体经济信用并未扩张；而狭义货币供应量M1同比增长扩大，整体经济活动不活跃。价格指数也相对较弱，居民消费价格指数CPI同比也在低位徘徊，工业生产者出厂价格指数PPI同比的负值也有所加大。分项来看，固定资产投资同比和消费同比数据都在年内低位，城镇调查失业率也有抬升的迹象。宏观数据和日常生活的中微观行业表现相互印证，经济活动明显承压。在国内经济弱复苏的环境下，9月底央行及相关部门出台一系列提振经济、稳定楼市及股市的相关措施，市场信心得到极大的提振，随之市场转向大幅上涨，三季度主要指数均录得正收益。上证指数收益率为12.44%，沪深300指数收益率为16.07%，中证500指数收益率为16.19%，创业板指数收益率为29.21%，整体风格上呈现风险偏好提升状态。从行业表现来看，非银金融、房地产、计算机等行业表现较好，银行、公用事业、石油石化等行业表现较差。  报告期内，作为量化指数增强型基金，本基金严格遵照量化指数增强的投资模式进行操作，一方面严格控制组合跟踪误差，避免大幅偏离标的指数，另一方面坚持基本面量化投资的投资理念和投资方法，配置基本面良好且性价比占优的标的，积极调整投资组合，力求在跟踪指数的基础上实现超越业绩比较基准的投资回报。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.409Z","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1179154","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed46b7fea5b3eb0549c14","date":"2024-06-29T16:00:00.000Z","stockId":3000000110030,"sao":"回顾本报告期，国内经济呈现复苏态势。制造业采购经理指数PMI在三月四月站上荣枯平衡线之上后，连续两个月跌落至荣枯平衡线之下，6月最新的数据显示需求侧以劳动密集型产品为代表的出口动能边际回落，建筑业也处在低位。从广义货币供给M2指标来看，上半年的货币增速呈现趋势性下探，并在六月份创下了年内的新低，整体经济的扩张动能相对较弱。消费方面，社会消费品零售总额春节期间表现亮眼，随后出现下滑，6月增速仅为2%。投资方面，整体固定资产投资略有下滑，房地产投资依然呈现拖累状态，而制造业投资增速保持高位。尽管最新的PMI数据显示出口增速边际放缓，进出口的贸易顺差对整体经济依然呈现显著正贡献。从股票市场来看，在国内经济弱复苏的环境下，上半年A股大盘先扬后抑呈现震荡走势。从宽基指数来看，上证指数收益率为-0.25%，沪深300指数收益率为0.89%，中证500指数收益率为-8.96%，创业板指数收益率为-10.99%，风格上大盘相对小盘占优。从行业表现来看，银行、煤炭、石油石化、家电、电力及公用事业等行业表现较好，消费者服务、计算机、商贸零售、传媒、医药、房地产等行业表现较差。报告期内，本基金依托量化选股模型，平衡中长期基本面与短期情绪指标，优选长期质地好、中短期具有性价比的公司进行均衡配置。在市场的震荡行情中，本基金积极进行调仓换股，坚持配置基本面相对优质的标的，并通过量化指标尽量减少因标的拥挤度过高带来的风险。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.406Z","mo":"展望下一阶段，国内经济在新旧动能切换的过程中复苏较为缓慢。一方面地产对整体经济仍然会有拖累，另一方面居民消费需求偏弱。在供给侧，新质生产力将受到政策的支持大力发展，改革开放以来积累的工程师红利将得到有效释放，叠加中国人民勤劳奋斗、追求美好生活的向往，制造业领域有望获得中长期较好发展。展望下半年的证券市场，在整体经济动能还未明显起来之前，市场大概率呈现震荡行情。就行业而言，新质生产力发展相关的领域或呈现结构性机会，如计算机、电子、医药生物等。管理人在下阶段的投资运作中，将坚持使用基本面量化模型优选质地优良、性价比有优势的标的进行配置，重点把握市场的结构性机会。","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1149978","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed46b7fea5b3eb0549c13","date":"2024-03-30T16:00:00.000Z","stockId":3000000110030,"sao":"回顾本报告期，国内经济呈现出持续改善的迹象。3月制造业采购经理指数（PMI）回到了荣枯平衡线之上，其中需求侧的驱动力来自于出口改善以及消费稳健修复。出口方面，全球制造业PMI边际回升，亚洲其它出口国的数据抬升也可印证外需向好。消费方面，尽管社会消费品零售总额数据在过去一年表现相对一般，春节出行数据亮眼体现了人民对美好生活追求的动力，随之而来的是1-2月服务业价格同比回升。另一方面，中国整体经济在逐渐复苏过程中仍具有挑战。经济模式从旧动能切换到新动能需要一定的时间，房地产销售仍在逐渐企稳的过程中。1-2月的固定资产投资数据边际小幅回升，其中房地产投资仍然拖累较大，保持同比高个位数下滑。从股票市场来看，在国内经济弱复苏的环境下，一季度A股大盘先抑后扬、震荡上行。从宽基指数来看，上证指数收益率为2.23%，沪深 300 指数收益率为3.10%，中证 500 指数收益率为-2.64%， 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到合理位置，因此大小盘风格上两者差异不大。在此期间，作为指数增强型基金，本基金严格遵照量化指数增强的投资模式进行操作，一方面严格控制组合跟踪误差，避免大幅偏离标的指数，另一方面坚持基本面量化投资的投资理念和投资方法，积极调整投资组合，力求在跟踪指数的基础上实现超越业绩比较基准的投资回报。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.386Z","mo":"展望下一阶段，预计市场呈现震荡上行走势。2023年经济复苏是最重要的主线，经济刺激政策有望陆续出台，虽然经济及上市公司的业绩修复是渐进的过程，但市场预期的修复会早于经济基本面。从海外市场来看，随着美国通胀见顶回落，美联储加息周期或接近尾声，全球市场风险偏好提升。从指数的估值来看，当前A股主要宽基指数的估值水平仍然处于历史较低的水平，往下的空间不大，往上仍然有较大的空间。随着经济逐步恢复正常增长，预计大部分行业都能有所表现，而我们更看好在过去受疫情、美国加息和地产三大因素影响而跌幅较大的优质公司，主要的行业包括食品饮料、医药生物、金融地产链、TMT等。从市场风格来看，成长与价值风格皆有机会，但代表长期价值的质量因子最为看好。管理人在下阶段的投资运作中，将坚持使用基本面量化模型优选质地优良、成长性好、估值合理的公司进行配置，重点把握市场的结构性机会。","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=868776","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed46b7fea5b3eb0549c0d","date":"2022-09-29T16:00:00.000Z","stockId":3000000110030,"sao":"回顾本报告期，国内经济呈现弱复苏的态势。从已经公布的经济数据来看，工业生产、消费和投资同比增速均逐步改善，但地产销售和地产投资未见起色，成为主要的拖累项。另一方面，随着海外需求的下滑，出口增速开始回调。从海外市场来看，俄乌冲突未见好转，美联储加息进度和幅度超预期，美元指数持续走强，人民币汇率承压。从股票市场来看，三季度A股整体回调较大，体现了投资者对上述国内外宏观经济影响因素的担忧。从宽基指数来看，上证指数收益率为-11.01%，沪深300指数收益率为-15.16%，中证500指数收益率为-11.47%，创业板指数收益率为-18.56%。从行业表现来看，煤炭、公用事业和石油石化等行业表现相对较好，建筑材料、电力设备和电子等行业表现较差。从市场风格来看，价值风格表现好于成长风格，小盘风格表现好于大盘风格。在此期间，作为指数增强型基金，本基金严格遵照量化指数增强的投资模式进行操作，一方面严格控制组合跟踪误差，避免大幅偏离标的指数，另一方面坚持基本面量化投资的投资理念和投资方法，积极调整投资组合，力求在跟踪指数的基础上实现超越业绩比较基准的投资回报。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.381Z","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=802033","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed46b7fea5b3eb0549c0c","date":"2022-06-29T16:00:00.000Z","stockId":3000000110030,"sao":"回顾本报告期，“稳增长”政策发力，但3月开始国内主要城市相继爆发疫情，对经济造成较大冲击，预计二季度GDP增速为年内低点。从已经公布的经济数据来看，主要经济指标从底部逐渐改善，但离年内经济增长目标仍有距离，后续经济刺激政策仍可期待。海外俄乌冲突持续时间较长，供给端冲击推升大宗商品价格，带来制造业成本端压力。美联储开启新一轮加息周期，国内货币政策空间受限。从股票市场来看，市场期初整体回调，充分反映了对上述国内外宏观经济影响因素的担忧。但从4月底以来，随着国内经济刺激政策持续加码，叠加海外影响因素边际减弱，市场触底反弹，收复部分跌幅。整个上半年，沪深300指数收益率为-9.22%，中证500指数收益率为-12.30%，创业板指数收益率为-15.41%。从行业表现来看，煤炭、交通运输和美容护理等行业表现较好，电子、计算机和传媒等行业表现较差。从市场风格来看，价值风格表现好于成长风格，大盘风格表现好于小盘风格。在此期间，作为指数增强型基金，本基金严格遵照量化指数增强的投资模式进行操作，以标的指数的构成为基础，主要利用基金管理人自主开发的以基本面选股因子为主的定量投资模型在有限范围内进行超配或低配。在3月和4月市场处于底部区域、情绪低迷的时候，本基金适度提高模型的调仓频率，积极持有基本面模型打分较高的公司，在市场的反弹过程中获取超越基准指数的投资回报。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.378Z","mo":"展望下一阶段，预计A股市场仍然维持震荡走势。从盈利的角度来看，二季度大概率是年内A股盈利的底部，后面预期盈利水平逐季改善，但改善的幅度仍需观察刺激政策的力度。从流动性的角度来看，当前流动性仍维持宽松，但中美央行货币政策错配或制约我国政策的宽松空间。从行业的角度来看，大部分行业的估值水平与景气度相匹配，部分具备中长期投资逻辑的行业短期表现低迷，估值处于历史极低的分位，例如医药和电子等行业，后续值得关注。管理人在下阶段的投资运作中，将坚持使用基本面量化模型优选质地优良、成长性好、估值合理的公司进行配置，重点把握市场的结构性机会。","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-0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2月新增社融1.71万亿，M2同比增长10.1%，均超市场预期，也验证了宏观流动性依然没有明显收紧。从股票市场来看，经济复苏依然是投资主线之一，主要包括顺周期行业和在疫情中受损的行业。投资者基于通胀预期和流动性紧缩预期，开始重点关注盈利高弹性的板块，也在一定程度上强化了经济复苏的投资主线。受益于估值价差收敛，低估值的公用事业、建筑装饰等行业也有不错表现。从宽基指数来看，一季度上证指数、沪深300、中证500和创业板指涨跌幅分别为-0.90%、-3.13%、-1.78%和-7.00%，创业板指跌幅较大。从行业表现来看，钢铁、公用事业和银行等行业表现较好，国防军工、非银金融和通信等行业表现较差。从市场风格来看，A股在春节前后呈现出截然不同的风格，春节前市场偏好大市值、成长风格，春节后切换为偏好小市值、价值风格，且伴随着大盘绩优成长股的大幅调整。在此期间，本基金严格遵照量化指数增强的投资模式进行操作，以标的指数的构成为基础，主要利用基金管理人自主开发的以基本面选股因子为主的定量投资模型在有限范围内进行超配或低配。一方面严格控制组合跟踪误差，避免大幅偏离标的指数，另一方面在跟踪指数的基础上力求超越指数。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.363Z","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=567055","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed46b7fea5b3eb0549c06","stockId":3000000110030,"sao":"受年初爆发的新冠疫情影响，2020年全球股票市场经历了不平凡的一年。得益于国内防疫措施得当，中国经济恢复速度明显领先全球其他主要经济体。作为宏观经济的晴雨表，A股市场的表现也相当强势：全年沪深300累计涨幅27.21%，中证500累计涨幅20.87%，创业板指更是上涨了64.96%，均大幅超越全球其他主要市场表现。回顾全年市场走势，大致可以分为三个阶段：第一阶段，年初疫情爆发至三月底。1月份新冠疫情爆发，春节假期后第一个交易日各大宽基指数纷纷下跌7到8个百分点。但随后市场开始反弹，市场明显从2003年的SARS行情中积累了经验，与疫情相关的医药板块表现显著领先其他板块。但进入三月份之后，由于担心海外疫情爆发对国内经济的拖累，市场转入下跌。第二阶段，四月至七月的疫情控制阶段。随着国内疫情逐渐被控制，全社会复工复产有序进行，市场开始企稳反弹。与新冠相关的病毒检测及疫苗研发概念股领涨市场；前期受疫情冲击显著的消费板块，在疫情逐渐受控之后，涨幅居前。随着二季度GDP、PMI等宏观经济数据的公布，叠加宽松的财政货币政策，市场对经济复苏预期大增，风险偏好显著提升，带动银行、非银、军工等低估值顺周期板块反弹。在多重利好条件的共同作用下，指数顺利突破了前期高点。第三阶段，八月至年底的后疫情时代。随着宏观经济持续复苏，货币政策开始边际收紧，前期表现较好的成长风格出现回撤，例如上半年涨幅较高的TMT板块。但是景气度仍旧持续向好的食品饮料、新能源等板块，继续大幅上涨。市场结构分化明显，估值因子持续回撤。纵观全年行情，新冠疫情无疑是一次巨大的外部冲击，无论对全球宏观经济，还是对A股市场的行业板块表现，都产生了显著的影响。但是如果剥离这些影响因素，自2016年开放外资以来，A股的核心逻辑没有改变，即寻找长期景气、高确定性的公司，这助推了近年质量类、成长类因子的强势表现。在此期间，作为指数增强型基金，管理人严格遵照量化指数增强的投资模式进行操作，以标的指数的构成为基础，主要利用基金管理人自主开发的以基本面选股因子为主的定量投资模型在有限范围内进行超配或低配。一方面严格控制组合跟踪误差，避免大幅偏离标的指数，另一方面在跟踪指数的基础上力求超越指数。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.360Z","mo":"展望下阶段，国内经济数据可能因疫情和基数效应阶段性走弱，但韧性有望保持。受疫情影响，海外经济复苏进度缓慢，这所带来的中国出口产能替代效应仍有望维持，所以后续出口增速大概率保持韧性，与之关联的制造业投资增速也有望维持；房地产投资增速和基建投资增速受限于社融增速回落面临一定压力，工业企业利润增速短期承压，但库存周期从被动去库存往主动补库存过渡的趋势大概率会持续，经济内生增长大概率保持韧性。国内宏观流动性大概率维持稳健中性格局，社融增速边际回落；加之当前信用风险对流动性预期扰动依然存在，非银机构仍有流动性分层压力，所以央行大概率会采取削峰填谷的公开市场操作平抑流动性预期，未来整体宏观流动性层面维持相对稳健格局。股市流动性相对宽裕，1月海外疫情倒逼流动性宽松，美元指数回落利好新兴市场流动性，美国新总统上台以后中美关系明朗将修复风险偏好，有望助力外资回归A股。另一方面，以注册制为标志的资本市场改革措施下，对上市公司的监管日趋严格，上市公司质量不断优化，这对市场长期稳健发展提供了较好的基础。综上，下阶段基金运作管理仍将迎来诸多方面的挑战，管理人将继续严格遵照多因子量化增强的投资模式进行操作，同时结合采用长期有效的基本面量化模型进行选股，配置稳健的策略模型以顺应市场风格变换，为投资人创造持续稳健的超额收益。","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=557085","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed46b7fea5b3eb0549c05","stockId":3000000110030,"sao":"回顾本报告期，国内疫情形势持续稳定向好，国内供需两端的复苏仍在继续：8月，工业增加值同比增长5.6%，社会消费品零售额同比增速今年以来首度翻正至0.5%，全国规模以上工业企业实现利润也从年初的负增长转为正增长19.1%，与此同时通胀压力相对较小，国内宏观经济进一步改善的空间依然存在。欧美各主要国家的疫情在报告期内都有不同程度的反弹，但对各国经济的边际影响在逐步降低。然而，美国在报告期内对中国高科技企业打击力度加强，中美摩擦升级风险有所加大，给A股带来一定的不确定性。流动性方面，本报告期内随着国内经济形势的企稳，央行货币宽松的力度有所减弱，短端利率较二季度呈现一定的上行趋势；而海外货币宽松政策延续，9月美联储最新会议决议将继续维持前期宽松的货币政策，目前中国与美国息差、增长差等因素使得报告期内人民币相对美元较为强势，升值幅度明显。三季度上证指数、沪深300、中证500和创业板指分别上涨7.82%、10.17%、5.59%和5.60%。风格和行业的表现相较今年上半年的趋势有一定的反转：上半年表现突出的医药以及TMT等行业则受中美贸易摩擦影响，叠加前期较大幅的上涨带来的资金获利了结的压力，三季度的表现相对落后；而处于相对估值低位、存在预期差的周期及部分中游制造行业，以及部分业绩维持景气趋势的行业如军工、食品饮料等则表现较为强势；风格上体现为过去一年持续回撤的防御型因子如估值、低波、红利等在三季度有不同程度的反弹，而代表上半年市场主力风格的成长、盈利质量和动量等因子则遭遇了一定的回撤。在疫情的负面影响逐渐消化完毕之时，7月以来市场曾迎来短期的快速拉升，成交额也快速放大。但随着后续外围风险的冲击，市场逐渐回归理性，截至9月底市场整体日成交额已回复至今年5月底的水平。在此期间，作为指数增强型基金，管理人严格遵照量化指数增强的投资模式进行操作，以标的指数的构成为基础，主要利用基金管理人自主开发的以基本面选股因子为主的定量投资模型在有限范围内进行超配或低配。一方面严格控制组合跟踪误差，避免大幅偏离标的指数，另一方面在跟踪指数的基础上力求超越指数。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.358Z","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=490639","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed46b7fea5b3eb0549c04","stockId":3000000110030,"sao":"回顾本报告期，年初爆发的新冠病毒疫情在一季度对经济有较大的负面冲击，1-2月经济数据出现断崖式下跌，数据甚至低于2008年金融危机水平。但在进入3月份之后，得益于疫情防控形势好转，复工复产与经济重启计划持续推进，国内供需两端环比持续改善，5月份全国规模以上工业企业实现利润由4月份同比下降4.3%转为增长6.0%，经济逐渐走出疫情低谷。流动性方面，为了对冲疫情造成的经济冲击，海外普遍施行零利率或负利率政策，辅以大规模的量化宽松,国内货币政策维持适度宽松，美元指数明显回落而人民币汇率稳定，外资持续流入，二季度北上资金净流入1332.60亿元，对A股估值形成支撑。受益于疫情受控、经济复苏、流动性宽松等宏观因素，2020年上半年市场主流宽基指数普遍上涨，沪深300与中证500指数分别上涨1.64%、11.33%，以成长股为代表的创业板指累计涨幅更是达到35.60%，并于6月底成功突破2016年1月以来的阶段高点。风格和行业表现的分化主要由经济复苏斜率的不确定性所主导：行业上体现在消费类稳定增长行业备受青睐，而与经济增长相关度较高的周期、金融地产受到冷落；科技行业在疫情缓和后产销端恢复明显，重拾景气上行，录得较高涨幅；风格上体现为成长与估值表现的分化持续加剧，尤其估值类因子回撤已属于历史较高水平，此外动量类因子表现也相对强势，市场成交量也逐渐放大，6月底日均成交量已达7000～8000亿的水平，投资者交易行为逐渐活跃。在此期间，作为指数增强型基金，管理人严格遵照量化指数增强的投资模式进行操作，以标的指数的构成为基础，主要利用基金管理人自主开发的以基本面选股因子为主的定量投资模型在有限范围内进行超配或低配。一方面严格控制组合跟踪误差，避免大幅偏离标的指数，另一方面在跟踪指数的基础上力求超越指数。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:43.355Z","mo":"展望下一阶段，A股有望震荡上行。第一，经济数据显示国内复苏进程良好，需求端不乏基建发力、地产销售增长、汽车消费回暖的亮点，受制于国内外复苏节奏错位的出口，期间降幅也好于预期，经济复苏趋势得到验证，将继续支撑企业盈利修复。第二，两会对货币政策宽松的定调在国常会得到延续，货币政策转向的概率不大；海外宽松趋势明确，外资有望继续流入A股；国内居民资产配置在银行理财净值化后有望逐步向资本市场转移。第三，目前上证综指、沪深300等主要指数的估值均处于历史50%分位以下，相较于国际主要指数也较为合理。第四，二季度海外股市多次调整，A股波动较小，韧性较强。综上，下阶段基金运作管理仍将迎来诸多方面的挑战，管理人将继续严格遵照多因子量化增强的投资模式进行操作，同时结合采用长期有效的基本面量化模型进行选股，配置稳健的策略模型以顺应市场风格变换，为投资人创造持续稳健的超额收益。","fund":{"_id":3000000110030,"stockCode":"110030","stockType":"fund","areaCode":"cn","followedNum":145,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2012-06-24T16:00:00.000Z","setUpScale":248866000,"blackenedNum":0,"market":"a","tickerId":110030,"custody":"中国建设银行股份有限公司","name":"易方达沪深300量化增强证券投资基金","shortName":"易方达沪深300量化增强(110030)","fundSecondLevel":"company","lastUpdated":"2026-05-22T17:15:26.120Z","__csrcFundId":2033,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2012-07-04T16:00:00.000Z","memoNum":1,"fundCollectionId":4000050110000,"currency":"CNY","masterFundShortName":"易方达沪深300量化增强","pinyin":"yfdhs300lhzqzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexId":1000000000300,"managers":[{"stockCode":"db20067352","stockType":"fund_manager","exchange":"fm","tickerId":231010100190,"name":"王建军"},{"stockCode":"db20920821","stockType":"fund_manager","exchange":"fm","tickerId":1312230300,"name":"明朗"}]},"announcement":{"linkText":"易方达沪深300量化增强证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=452019","linkType":"PDF","source":"csrc_pdf"}}]}