window.pageData = {"stock":{"_id":3000000090023,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50090000","tickerId":50090000,"name":"大成基金管理有限公司"},"managers":[{"name":"汪曦","stockType":"fund_manager","stockCode":"8801400677","exchange":"fm","tickerId":2324154660}],"hotMetrics":{"fss":{"stockId":3000000090023,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0,"f_ins_h_s_r_c_hy":-0.0018,"f_ins_h_s_r_c_1y":-0.0017000000000000001,"f_ind_h_s_r":1,"f_ind_h_s_r_c_hy":0.0018000000000000238,"f_ind_h_s_r_c_1y":0.0017000000000000348,"f_h_a":2718,"f_h_s_a":7719,"last_data_date":"2025-06-29T16:00:00.000Z"},"fpr":{"stockId":3000000090023,"type":"fpr","f_p_r_fys_ssc":7470,"f_p_r_fys_ssrp":0.6160128531262552,"f_p_r_m1_ssc":7540,"f_p_r_m1_ssrp":0.5567051333068046,"f_p_r_m3_ssc":7474,"f_p_r_m3_ssrp":0.5478388866586378,"f_p_r_m6_ssc":7248,"f_p_r_m6_ssrp":0.6112874292810818,"f_p_r_y1_ssc":6797,"f_p_r_y1_ssrp":0.8284284873454973,"f_p_r_y2_ssc":5806,"f_p_r_y2_ssrp":0.8740740740740741,"f_p_r_y3_ssc":4872,"f_p_r_y3_ssrp":0.7226442208991993,"f_p_r_y5_ssc":3277,"f_p_r_y5_ssrp":0.5637973137973138,"f_p_r_y10_ssc":616,"f_p_r_y10_ssrp":0.9414634146341463,"f_cagr_p_r_fs_ssc":7243,"f_cagr_p_r_fs_ssrp":0.9026512013256006},"fp":{"stockId":3000000090023,"type":"fp","f_p_r_fys":0.007778759704729188,"f_p_r_m1":0.0031273692191053915,"f_p_r_m3":0.006732458019334864,"f_p_r_m6":0.011410050513450898,"f_p_r_y1":0.011697846221649932,"f_p_r_y3":0.07864342219201115,"f_p_r_y5":0.1585588663511477,"f_cagr_p_r_fs":0.01281558718963427,"f_p_r_d1":-0.00028192839018870153,"f_p_r_y2":0.03618038402927182,"last_data_date":"2026-04-15T16:00:00.000Z"},"ff":{"stockId":3000000090023,"type":"ff","f_m_f":84658,"f_m_f_r":0.0027,"f_c_f":25084,"f_c_f_r":0.0008,"f_m_a_c_f":109742,"f_m_a_c_f_r":0.0035,"f_m_c_f_d":"2024-08-14T16:00:00.000Z","f_c_fr":0.0008,"f_fr_d":"2025-06-29T16:00:00.000Z","f_m_fr":0.0027,"f_mac_fr":0.0035},"f_nlacan":{"stockId":3000000090023,"type":"f_nlacan","f_nv_d":"2026-04-15T16:00:00.000Z","f_nv":1.0585,"f_nv_cr":0.0003780361024476875},"f_as":{"stockId":3000000090023,"type":"f_as","f_tas":20419167.1824,"f_tas_d":"2025-12-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000001516,"name":"大成安汇金融债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"001516","tickerId":1516,"shortName":"大成安汇金融债债券E","__csrcFundId":3276,"lastUpdated":"2025-01-04T00:31:52.033Z","exchange":"jj","inceptionDate":"2020-08-03T16:00:00.000Z","followedNum":1,"fundCollectionId":4000050090000,"currency":"CNY","status":"normal","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"dcahjrzzqxzqtzjj"},{"_id":3000000091023,"name":"大成安汇金融债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"091023","tickerId":91023,"shortName":"大成安汇金融债债券A","__csrcFundId":3276,"lastUpdated":"2025-01-04T00:32:35.219Z","exchange":"jj","inceptionDate":"2012-11-28T16:00:00.000Z","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","status":"normal","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"dcahjrzzqxzqtzjj"},{"_id":3000000020455,"name":"大成安汇金融债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"020455","tickerId":20455,"shortName":"大成安汇金融债债券D","currency":"CNY","__csrcFundId":3276,"exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2025-01-04T00:32:29.076Z","inceptionDate":"2023-12-24T16:00:00.000Z","fundCollectionId":4000050090000,"pinyin":"dcahjrzzqxzqtzjj"}],"bondHoldings":[{"_id":"69723b9b1987889646e72f5f","date":"2025-12-30T16:00:00.000Z","fundId":3000000090023,"stockCode":"250211","stockName":"25国开11","holdings":1000000,"marketCap":100477863,"netValueRatio":0.2232,"lastUpdated":"2026-01-22T15:00:43.269Z","declarationDate":"2026-01-21T16:00:00.000Z"},{"_id":"69723b9b1987889646e72f60","date":"2025-12-30T16:00:00.000Z","fundId":3000000090023,"stockCode":"220205","stockName":"22国开05","holdings":800000,"marketCap":87390794,"netValueRatio":0.1941,"lastUpdated":"2026-01-22T15:00:43.272Z","declarationDate":"2026-01-21T16:00:00.000Z"},{"_id":"69723b9b1987889646e72f61","date":"2025-12-30T16:00:00.000Z","fundId":3000000090023,"stockCode":"200210","stockName":"20国开10","holdings":500000,"marketCap":53618876,"netValueRatio":0.1191,"lastUpdated":"2026-01-22T15:00:43.275Z","declarationDate":"2026-01-21T16:00:00.000Z"},{"_id":"69723b9b1987889646e72f62","date":"2025-12-30T16:00:00.000Z","fundId":3000000090023,"stockCode":"212380020","stockName":"23光大银行债02","holdings":400000,"marketCap":40585696,"netValueRatio":0.0902,"lastUpdated":"2026-01-22T15:00:43.278Z","declarationDate":"2026-01-21T16:00:00.000Z"},{"_id":"69723b9b1987889646e72f63","date":"2025-12-30T16:00:00.000Z","fundId":3000000090023,"stockCode":"2420045","stockName":"24东莞银行02","holdings":300000,"marketCap":30334701,"netValueRatio":0.0674,"lastUpdated":"2026-01-22T15:00:43.281Z","declarationDate":"2026-01-21T16:00:00.000Z"}]},"list":[{"_id":"69aed4537fea5b3eb0548256","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000090023,"sao":"2025年4季度，利率债市场整体偏震荡。10月份央行重启国债买卖之后，收益率有短暂的脉冲式下行，之后中长期利率重回震荡上行，超长期利率创年内新高。 之后债券市场进入窄幅震荡阶段，一方面，央行买卖国债的数量不及预期，市场对未来央行的态度可能还在观望；另一方面，短端资金利率的下行在政策行和大行的引导下稳步下行，票息和套息价值有所回升。在此背景下，利率整体波动幅度较前三季度显著缩小，市场等待进一步的信号来明确方向。利率波幅较小带来久期的赚钱效应减弱，市场更倾向于有一定票息收益的信用债品种和中短端利率品种。","lastUpdated":"2026-03-09T14:08:19.727Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债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=1458367","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548255","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000090023,"sao":"三季度整体债券市场呈现震荡行情，收益率曲线陡峭化上行，国债、金融债、信用债的利差拉大。资金面来看，央行货币政策呈现支持性的态度，公开市场操作投放流动性，但受到税期因素、国债增值税等政策的影响，债市表现承受一定的压力。基本面来看，经济延续弱复苏，通胀低位企稳。消费在“以旧换新”政策驱动下较为稳定，制造业投资韧性边际略有减弱，地产销售高频数据显示压力仍在。展望未来，我们认为高质量发展和“化债”的大背景下，收益率可能仍将保持低位，更好的促进各项目标的达成。","lastUpdated":"2026-03-09T14:08:19.724Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1376373","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548254","date":"2025-06-29T16:00:00.000Z","stockId":3000000090023,"sao":"2025年上半年，债券市场收益率呈现先上后下的走势。1季度，资金面超预期收紧，带动收益率曲线先呈现熊平，后呈现熊陡的曲线形态变化。2季度，利率债市场整体偏震荡下行。3月份下半月及4月上旬在资金利率回落、贸易战背景下收益率曲线整体回落。 之后债券市场进入窄幅震荡阶段，利率整体波动幅度较1季度显著缩小，市场等待进一步的信号来明确方向。利率波幅较小带来久期的赚钱效应减弱，市场更倾向于有一定票息收益的信用债品种。 　　2025年上半年结合基本面的变化以及市场情绪，进行了债券的灵活久期操作。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.721Z","mo":"展望未来，我们认为“高质量发展”和“化债”的大背景需要较为宽松的资金面与之匹配，“反内卷”政策的出台也体现了供给端发力的政策思路，需求端可能不会出现大规模的刺激政策。货币政策的基本定调仍然是“适度宽松”，债券市场稳中向好的大方向没有改变。","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债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=1346335","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548253","date":"2025-03-30T16:00:00.000Z","stockId":3000000090023,"sao":"2025年以来，经济内生动能偏弱的背后是微观部门资产负债表承压。财政积极发力，但化债初期存在一定挤出效应，广义赤字实际增长有限，出口不确定性加大。长期看，货币宽松政策是缓解资产负债表压力的必经之路，随着框架重塑、工具箱丰富，支持性货币政策将与财政发力配合更为紧密。短期内，紧货币有所修正，央行调控态度已边际缓和，释放了较为积极的信号。资产负债表承压的大背景和“适度宽松”的货币政策基调下，利率中枢长期趋势下行。经过前期调整，目前债券定价已经逐步回到有性价比的点位。债市经历过中期调整尾声，逐步进入右侧配置窗口。信用风险暂不构成主要矛盾，信用利差在友好的供需关系下有望压缩。　　　　展望未来，我们认为高质量发展仍然需要较为宽松的资金面与之匹配，货币政策的基本定调仍然是“适度宽松”，债券市场稳中向好的大方向没有改变。未来随着海外形势的变化，可能国内也会有相应的应对。我们将会做好跟踪和应对。　　　　2025年1季度我们主要是维持了组合的杠杆。同时，结合基本面的变化以及市场情绪，进行了债券的灵活久期操作。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.719Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1276103","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548252","date":"2024-12-30T16:00:00.000Z","stockId":3000000090023,"sao":"2024年以来，我国经济修复分化延续，地产和消费仍在修复过程中，信贷增速和社融增速双双回落，资金活性偏低下M1同比连续负增长，内需仍有待提振，居住类价格和服务价格相对偏低，核心通胀仍然不足。基本面偏弱下，政策加大逆周期调节力度，年内货币政策持续放松，两次降准、两次降息、进一步引导存款挂牌利率下行，同时限制高息揽储，推动金融机构负债综合成本稳中有降，为资产端利率的进一步下行腾挪息差空间。　　　　在基本面偏弱和政策加码的双重推动下，债市供需矛盾进一步显现，尤其是上半年，“资产荒”压力明显抬升。一方面，风险偏好仍处低位，货币供应的抬升并未有效转化为投资和消费力量，实体避险需求抬升反而推动存款、理财、债基等低风险资产规模的进一步扩张，加大债市需求；另一方面，地产改善预期有限，居民延续去杠杆，按揭提前偿还等现象仍在，同时化债背景下城投净融资下滑，叠加监管打击存贷空转套利，企业端也同步转向去杠杆，资产新增供给受限，债券供给进一步向国债、地方债倾斜，而置换债更多是以地方债的形式置换地方存量隐债，更多是债务形式的转换，因此不会额外占用大量的资金。12月政治局会议将货币政策定调“适度宽松”，再次点燃债市做多热情，抢跑行情下利率快速下行，多数期限利率接连创历史新低。截至2024年12月31日，10Y期国债收益率降至1.6752%，相较年初下行88.5bp，年度降幅处于历史偏高水平。　　　　　　　　过去全年，组合维持了适当的正杠杆。同时，结合基本面的变化以及市场情绪，进行了债券的灵活久期操作。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.716Z","mo":"展望未来，我们认为高质量发展仍然需要较为宽松的资金面与之匹配，同时货币政策定调的“适度宽松”有利于债券市场较好的表现。预计未来货币环境和宏观环境仍然保持“支持性“的态度，债券市场处于稳中向好的态势。","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债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=1257408","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548251","date":"2024-09-29T16:00:00.000Z","stockId":3000000090023,"sao":"随着经济高质量发展，经济结构上看，新质生产力等政策鼓励的方向占比和增速有所提高，地产等传统行业增速继续回落。今年三季度以来经济增速边际放缓，城镇调查失业率略有回升，居民部门预期的改善有所放缓。今年1-8月社会消费品零售总额累计同比3.4%，环比0.1%-0.2%附近，有所回暖。从结构上看，除了通讯器材外、耐用品消费整体仍偏弱；受制于收入预期和社会集团消费的拖累，一线城市消费略走弱。政治局会议要求“要降低存款准备金率，实施有力度的降息”，央行也多次表态货币政策将保持支持性立场。考虑到当前我国实际利率仍然较高，以及中美的货币政策相位差已经显著收窄，货币政策后续将继续保持支持性立场，宽货币的大方向将延续。9月底债券市场在风险偏好提升下出现较大的波动，配置价值突显。本基金在3季度进行了灵活的久期操作，通过操作中段久期的利率债，给组合获取了一些收益增强。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.713Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1180481","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548250","date":"2024-06-29T16:00:00.000Z","stockId":3000000090023,"sao":"2024年上半年国内经济总体保持平稳， GDP同比增速达到5%。从结构上看，出口较强，内需较弱，经济内生增长动力仍然不足。二季度经济环比转弱，制造业PMI重回荣枯线下方。与此同时，内需不足也使得通胀水平整体较低。　　上半年人民银行继续实施稳健偏宽松的货币政策，2月份下调存款准备金率0.5%，流动性保持充裕。银行间资金面较为宽松，资金利率保持低位，债券市场利率震荡下行。10年国债收益率从年初的2.56%附近下行35BP至2.21%附近，1年国股CD从年初的2.40%附近震荡下行至1.96%附近。 　　2024年上半年本基金操作较为保守，主要配置1年以内金融债，保持较低的久期和杠杆，同时择机通过长端利率债波段操作，增厚组合收益。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.711Z","mo":"展望下半年，国内经济有望继续保持平稳。物价水平有望小幅回升，通胀压力不大。7月份央行下调政策利率10bp，下半年国内货币政策仍将延续宽松，资金利率预计在较长的时间内处于低位。下半年债券市场大概率仍维持震荡偏强格局，收益率有望震荡下行。","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债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=1150209","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb054824f","date":"2024-03-30T16:00:00.000Z","stockId":3000000090023,"sao":"2024年一季度国内经济呈现企稳的迹象。3月份制造业PMI为50.8，回到荣枯线上方，为近一年新高。1-2月份工业增加值同比增长7.0%，固定资产投资同比增长4.2%，出口同比增长8.7%，均有所改善。房地产市场方面，部分城市二手成交量有所上升，但整体仍较为低迷。物价方面，CPI小幅回升转正，PPI仍在负值区间，物价总体低位运行。　　　　央行一季度继续实施稳健的货币政策，2月份全面降准0.5%。银行间流动性整体保持宽裕， 1年期国股CD一季度整体下行，从年初2.40%附近下行至2.23%附近。3年期中高等级信用债下行20BP左右。长端利率债下行幅度较大，10年国债从2.56%下行至2.29%，下行27BP。　　　　一季度本基金继续采取稳健的投资策略，持有1年附近的政策性金融债，同时通过长期限利率债波段交易增厚收益。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.708Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1068534","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb054824e","date":"2023-12-30T16:00:00.000Z","stockId":3000000090023,"sao":"2023年国内经济前高后低，一季度受前期积压需求集中释放带动，经济复苏明显，但进入二季度之后经济环比转弱，房地产市场经历一季度的复苏之后再度低迷，市场主体信心不足，经济内生增长动力较弱。政策保持定力，聚焦经济高质量发展和防控风险的底线思维。从物价来看，2023年PPI处于负值区间，CPI亦逐步下行转负，存在一定的通缩风险。　　　　2023年央行继续实施稳健偏宽松的货币政策，流动性保持合理充裕。6月份和8月份两次下调MLF利率，分别下调10bp和15bp，3月份和9月份两次下调存款准备金率各0.25个百分点。银行间资金面较为宽松，资金利率保持低位，下半年资金利率中枢有所抬升。全年来看，利率震荡下行，10年国债全年下行28bp。1年期国股CD收益率年中震荡幅度较大，但年底与年初相差不大，均在2.4%附近。　　　　本基金在2023年继续维持稳健的操作，主要配置3年以内的政策性金融债，同时通过长端利率债的波段操作，增厚收益。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.705Z","mo":"展望2024年，国内经济仍然面临一定的下行压力。一方面，居民资产负债表受损，加杠杆能力受到抑制，内需预计仍然较弱；另一方面，经济聚焦高质量发展，出台大规模刺激政策可能性小。但是随着2023年发行的一万亿特别国债逐步形成实物工作量，经济有望保持稳定。货币政策方面，2024年货币政策有望继续保持宽松，预计仍有降准、降息可能。展望债券市场，我们预计2024年国内债市波动将加大，利率震荡下行概率较大，本基金将根据对利率走势的判断，力争抓住存款和存单利率高点进行配置，获取较高的收益。","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债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=1057391","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb054824d","date":"2023-09-29T16:00:00.000Z","stockId":3000000090023,"sao":"2023年三季度国内经济总体呈现企稳小幅回升的态势。制造业PMI连续数月回升，9月份升至50.2，重新回到荣枯线上方。但是经济总体还处于比较弱的水平，7月和8月工业增加值分别为3.7%和4.5%。随着各地地产调控政策的放松，新房和二手房成交量有所上升。8月社会消费品零售总额同比增速也有所恢复，总体上看三季度经济企稳回升，但仍然较弱。物价方面，PPI仍在负值区间，但有所回升，CPI也仍然保持低位，通胀压力不大。　　　　三季度人民银行继续实施稳健偏宽松的货币政策，流动性保持合理充裕。8月中旬人民银行下调MLF利率15bp。9月份下调存款准备金率0.25%，银行间资金面较为宽松，但9月份受到政府债发行、季末等因素影响，资金面有所收敛。三季度利率大体呈现V型走势，7月初至8月中旬，在宽松的资金面以及央行降息的推动下，利率下行，10年国债收益率最低下探至2.54%，后逐步回升，到季末回升至2.67%附近。一年期国股CD收益率则在8月中下旬下探至2.20%附近后震荡回升。　　　　2023年三季度，本基金主要通过长久期利率债的波段操作，增厚了组合收益。在9月份利率震荡上行行情中，基金保持了较低的组合久期。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.702Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=990972","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb054824c","date":"2023-06-29T16:00:00.000Z","stockId":3000000090023,"sao":"2023年上半年国内经济呈现复苏态势，但二季度复苏环比明显放缓。一季度受到前期积压需求集中释放带动，地产销售、消费等复苏显著，带动经济上行，但随着需求释放完毕，经济内生增长动力不足逐渐显现，二季度经济环比转弱，制造业PMI重回荣枯线下方。与此同时，内需不足也使得通胀水平整体较低。　　上半年人民银行继续实施稳健偏宽松的货币政策，3月份下调存款准备金率0.25%，6月份下调OMO及MLF利率10BP，流动性保持充裕。银行间资金面较为宽松，资金利率保持低位，债券市场利率震荡下行。10年国债收益率从年初的2.83%附近下行20BP至2.63%附近，1年国股CD从年初的2.42%附近先上后下至2.3%附近。 　　2023年一季度本基金出于对经济复苏和稳增长政策的担忧，主要采取防守策略，持有短久期金融债，二季度对债市转向乐观，期间利用长端利率债进行了波段操作，显著增厚了收益。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.699Z","mo":"展望下半年，国内经济仍然面临较大的下行压力，但是稳增长政策有望陆续出台，业内预计经济将企稳小幅回升。物价水平亦有望小幅回升，通胀压力不大。这意味着下半年国内货币政策仍将保持宽松，业内预计下半年仍将有“降准”和“降息”出台，资金利率预计在较长的时间内处于低位。下半年债券市场大概率仍维持震荡偏强格局，收益率有望震荡下行。","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债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=960140","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb054824b","date":"2023-03-30T16:00:00.000Z","stockId":3000000090023,"sao":"2023年一季度国内经济呈现复苏态势。制造业PMI较去年四季度大幅回升，1-3月均在50的荣枯线上方，显示国内经济持续扩张。地产销售明显回暖，但持续性有待观察。出口有所下滑，但数据显示出口依然具备韧性。政府工作报告提出2023年经济增长目标在5%左右，略低于市场预期，但从政策意图来看，今年经济力争持续改善，这意味着今年经济复苏是大概率事件。一季度物价依然处于低位，通胀风险不大。　　央行一季度继续实施稳健灵活的货币政策，3月份全面降准0.25%。银行间流动性整体保持宽裕，但受到多重因素影响，银行间资金面较为波动，中枢有所抬升，央行主要通过OMO平抑资金面波动。1年期国股CD一季度整体上行，最高至2.75%附近，季末下行至2.6%附近。短端信用债受到市场追捧，利率显著下行。　　一季度本基金对债市相对谨慎，采取相对保守的投资策略，维持较短的久期，主要配置了1年左右的政策性金融债。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.697Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=886324","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb054824a","date":"2022-12-30T16:00:00.000Z","stockId":3000000090023,"sao":"2022年国内经济总体运行良好，但经济增速有所波动。下半年经济明显回升。临近年底，受地产刺激政策等因素影响，经济复苏预期明显上升。从物价来看，2022年PPI一路下行，从年初的9.1%到四季度转为负增长。CPI则由于食品价格低迷，整体上保持低位，通胀压力总体较小。　　　　2022年央行继续实施稳健的货币政策，流动性保持合理充裕。1月份和8月份两次下调MLF利率各10bp，4月份和12月份两次下调存款准备金率各0.25个百分点。银行间资金面较为宽松，资金利率保持低位。前三季度由于信贷投放不足，流动性宽松和机构“资产荒”成为主导债市的核心逻辑，利率震荡下行。四季度受到基本面预期好转和理财赎回负反馈的影响，利率明显上行，年底10年国债最高上行至2.92%附近。　　　　2022年初，出于对国内经济复苏和欧美通胀的担忧，本基金对债市偏谨慎，主要配置1年内的利率债，维持相对较短的久期，以获取票息收益为主。下半年通过长端利率债波段操作，显著提高组合收益。","declarationDate":"2023-01-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.694Z","mo":"展望2023年，国内经济有望稳步复苏：一方面，2023年稳增长将成为政策的重心，基建、房地产均有望继续推出刺激政策并带动国内固定资产投资上升；另一方面，消费将显著复苏。总体上，国内经济增速在2023年有望达到5%附近。货币政策方面，2023年国内货币政策将主要配合稳增长，且有望继续保持宽松，但与2022年不同的是，流动性将主要流向实体经济，银行间资金利率中枢有望小幅上行。因此，2023年国内债市波动将加大，利率走势可能存在起伏，本基金将根据对利率走势的判断，灵活调整组合久期，争取为持有人获得超额收益。","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债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=868249","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548249","date":"2022-09-29T16:00:00.000Z","stockId":3000000090023,"sao":"2022年三季度国内经济总体呈现弱复苏的态势。二季度受到上海疫情影响，国内经济明显下滑，随着疫情逐渐消退，三季度经济有所反弹。从制造业PMI来看，9月份为50.1，重新回到荣枯线上方。7月和8月工业增加值分别为3.8%和4.2%，较二季度有所上行，但总体仍处于较低的位置。社会消费品零售总额同比增速也较二季度有所回升，8月份达到5.4%的水平，总体上看三季度经济较二季度有所恢复，但仍然较弱。物价方面，PPI显著回落，8月份PPI仅2.3%，而CPI受到猪肉价格影响有所上升，但整体上仍然保持低位，通胀压力不大。    三季度人民银行继续实施稳健的货币政策，流动性保持合理充裕。8月中旬人民银行下调MLF利率及OMO利率10bp。银行间资金面较为宽松，隔夜回购利率基本维持在1%-1.2%附近，季末有所上行。三季度利率大体呈现V型走势，7月初至8月中旬，在宽松的资金面以及央行降息的推动下，利率下行，10年国债收益率最低下探至2.61%，后逐步回升，到季末回升至2.76%附近。一年期国股CD收益率则在8月下旬至季末大致在1.9%-2.0%之间震荡。    2022年三季度，本基金主要通过长久期利率债的波段操作，增厚了组合收益。在9月份利率震荡上行行情中，基金保持了较低的组合久期。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.691Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=809331","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548248","date":"2022-06-29T16:00:00.000Z","stockId":3000000090023,"sao":"2022年上半年，国内经济波动较大，一季度GDP增速达4.8%，较2021年四季度有所上升，但二季度受到上海疫情影响，GDP增速跌至0.4%，勉强实现正增长。从工业增加值来看，4月份跌至-2.9%，随后两个月在上海疫情逐渐消退后有所回升，但绝对水平仍然较低。上半年国内疫情严重程度仅次于2020年一季度，对经济带来较大的负面影响，投资、消费、出口都受到了较大的冲击。物价方面，CPI仍保持低位，但猪肉价格明显上涨，CPI较前期有所抬升，PPI持续回落。海外发达经济体通胀压力较大，尤其美国，为抑制通胀，美联储上半年大幅加息，美元走强，以原油为代表的大宗商品价格冲高回落。  上半年人民银行继续实施稳健偏宽松的货币政策，1月份下调MLF利率10bp，4月份全面降准0.25%，流动性保持充裕。银行间资金面较为宽松，资金利率保持低位。债券市场利率窄幅震荡，长端利率总体变化不大，短端下行幅度较大，１年国股CD利率从年初的2.6%附近跌至2.3%附近，期限利差显著扩大。   2022年上半年本基金出于对宽信用和稳增长政策的担忧，主要采取防守策略，持有短久期金融债，期间利用长端利率债进行了波段操作，小幅增厚了收益。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.688Z","mo":"展望下半年，国内经济大概率延续弱复苏，但复苏进程依然存在较大的不确定性，一是各地疫情的反复仍然有很大不确定性，二是房地产市场断供事件的发展有不确定性。经济增长仍然面临较大的压力。物价水平虽然较前期有所抬升，但通胀总体压力不大。这意味着下半年国内货币政策仍将保持宽松，市场预计资金利率在较长的时间内处于低位。下半年债券市场收益率大概率仍维持震荡格局，大幅向下或者向上的可能性均不大。","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债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=781609","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548247","date":"2022-03-30T16:00:00.000Z","stockId":3000000090023,"sao":"2022年一季度国内外经济形势较为复杂。国内来看，一方面，1月份社融大增，前两个月经济有所复苏，包括制造业PMI、工业增加值等在内的经济数据超出市场预期，政府工作报告提出全年经济增速在5.5%左右，市场对经济复苏预期较强；另一方面，3月份国内新冠疫情明显反弹，相继实施封城的防控措施，对经济带来负面影响，3月份经济数据预计较差。疫情的不确定性加大了全年经济的不确定性。海外来看，美联储开启加息周期，美债利率快速上行。此外，地缘政治冲突加剧了大宗商品价格的波动，也给全球经济带来了较大的不确定性。    央行一季度继续实施稳健灵活的货币政策。1月15日央行下调MLF利率10bp。银行间流动性整体保持宽裕，隔夜回购利率基本稳定在2%附近。一季度市场利率先下后上再下，整体呈现震荡走势，10年国债最低下探至2.67%附近，最高反弹至2.85%附近。1年期国股CD最低下行至2.41%附近，最高反弹至2.63%附近。    一季度本基金继续采取稳健的投资策略，维持较短的久期。春节前，本基金主要配置了3年期以内的政策性金融债，春节后考虑到稳增长的政策可能逐步出台，进一步降低了组合久期，配置了1年以内的政策性金融债。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.685Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金2022年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=729191","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548246","date":"2021-12-30T16:00:00.000Z","stockId":3000000090023,"sao":"2021年国内经济总体运行良好，经济增速前高后低，经济下行压力逐渐增大。上半年由于基数影响，GDP增速较高，下半年随着地产超预期下行，整体经济下行压力较大。具体来看，固定资产投资全年呈现下行走势，增速仅4.9%；国内消费受到疫情影响，复苏缓慢；由于海外疫情延续，全年出口保持高位。从物价来看，2021年PPI一路上行，10月份创下13.5%的历史高点后小幅回落。CPI则由于食品价格低迷，整体上保持低位，通胀压力总体较小。  2021年央行继续实施稳健的货币政策，流动性保持合理充裕。下半年两次下调存款准备金率各0.5个百分点。银行间资金面较为宽松，资金利率保持低位。上半年地方政府债券发行滞后，流动性宽松和机构“欠配”成为主导债市的核心逻辑。下半年经济下行压力增大，市场对货币政策宽松预期较高，利率震荡下行，年底10年国债跌至2.8%以下。  2021年初，出于对资金面和通胀的担忧，本基金对债市偏谨慎，主要投资短期政策性金融债，以获取票息收益为主，下半年对债市相对乐观，通过灵活的波段操作，提高组合收益。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.683Z","mo":"展望2022年，国内外经济金融环境较为复杂。从海外来看，美国经济出现过热迹象，这意味着美债利率大概率震荡上行。国内来看，年初央行虽然下调MLF利率，货币政策继续保持宽松，但未来进一步宽松的程度或仍受到一定程度的外部约束。国内经济来看，在稳增长的政策基调下，基建投资将发力，房地产也将趋于稳定，国内经济大概率见底回升。因此， 2022年国内债市可能波动加大，利率走势出现震荡，本基金将根据对利率走势的判断，灵活调整组合久期，争取为持有人获得超额收益。","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债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=707957","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548245","date":"2021-09-29T16:00:00.000Z","stockId":3000000090023,"sao":"2021年三季度国内经济总体较为平稳，但受到部分地区疫情反复、极端天气以及能耗双控等因素的影响，经济增长速度有所下滑。从制造业PMI来看，三季度逐月下滑，9月份跌破50的荣枯线，显示经济下行压力增大。工业增加值亦明显下滑，8月份同比增速为5.3%，较7月份下滑1.1个百分点。受多地疫情反复影响，消费下滑速度相对更快，8月份社会零售品销售总额同比增速仅2.5%，创下自去年9月份以来的新低。出口仍然较为坚挺，是支撑经济的最大力量。物价方面，PPI依然高企，8月份PPI创出了9.5%的新高，而CPI受猪肉价格下跌影响，依然较低，8月份CPI仅0.8%，CPI和PPI的剪刀差进一步扩大。    三季度人民银行继续实施稳健的货币政策，流动性保持合理充裕。7月初意外下调存款准备金率0.5%，意在对冲部分到期的MLF。银行间资金面较为宽松，但隔夜回购利率基本维持在2%附近。受降准影响，三季度初债市利率快速下行，10年国债收益率一度下行至2.8%以下，但进一步下行压力较大，呈现底部震荡的走势。    2021年三季度，本基金主要通过长久期利率债的波段操作，增厚了组合收益。在利率底部震荡行情中，基金保持较低的组合久期。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.680Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金2021年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=657960","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548244","date":"2021-06-29T16:00:00.000Z","stockId":3000000090023,"sao":"2021年上半年，国内经济总体较为平稳，但经济增长边际动能有所下降。一方面，2020年10月份社融增速见顶之后回落，政府融资和企业融资较弱，基建投资和房地产投资增速回落，消费虽然仍在复苏，但复苏较为缓慢。在海外疫情持续的背景下，出口维持较高增速，成为上半年经济的最大亮点。从物价来看，上半年由于国际大宗商品价格暴涨，国内PPI快速上升，一度达到9%以上的历史高位。但由于内需较弱，PPI向CPI传导并不明显，加上猪肉价格下跌幅度较大，国内CPI维持低位。  上半年央行继续实施稳健的货币政策，流动性保持合理充裕。银行间资金面较为宽松，资金利率保持低位。由于地方政府债券发行滞后，流动性宽松和机构“欠配”成为主导债市的核心逻辑。债券市场利率先上后下，总体来看，上半年10年国债收益率小幅下行6bp，10年国开债利率从3.53%下行至3.49%附近。信用债收益率下行幅度较大，信用利差压缩较为明显。  2021年上半年，出于对资金面和通胀的担忧，本基金主要配置1年以内的政策性金融债，维持相对较短的久期，主要获取票息收益。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.674Z","mo":"展望下半年，疫情后的经济复苏动能边际继续减弱，国内经济或面临一定的下行压力，但是在今年财政后置的背景下，下半年基建投资有望反弹，加上消费继续复苏，出口保持高位，总体上经济仍将保持平稳。物价方面，PPI大概率已经见顶，但是回落幅度可能有限，CPI则继续小幅回升，总体通胀压力较小。7月份央行意外降准，旨在对冲MLF到期和缴税影响，稳健的货币政策取向不变，流动性将继续保持合理充裕。在大宗商品价格高企的背景下，中小企业生存环境进一步变差，结构性的货币政策工具有望推出。下半年债券市场收益率大概率仍维持震荡格局，大幅向下或者向上的可能性均不大。","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债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=636650","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548243","stockId":3000000090023,"sao":"2021年一季度国内经济延续复苏态势，但受到部分地区新冠疫情反复影响，经济增长动能在边际上有所减弱。从制造业情况来看，PMI指数1、2月连续下行，3月份大幅反弹，均保持在荣枯线上方。随着国内新冠疫情基本结束，国外疫情见顶，以及疫苗大面积接种，预计经济复苏的态势将延续。国内经济动能虽然有所减弱，但预计仍保持较强的韧性。从物价来看，整体上仍保持低位，1、2月CPI跌入负值区间，PPI快速回升但仍然较低，通胀压力暂时不大。不过随着全球经济逐步走出疫情困境，需求回升，未来通胀上行是大概率事件。  央行一季度继续实施稳健灵活的货币政策。银行间除1月下旬资金面短暂紧张外，流动性整体保持宽裕，特别是春节后流动性较为宽松，加上债券供给较少，机构配置压力较大，收益率呈震荡走势，波动不大。  一季度本基金继续采取稳健的投资策略，维持较短的久期。春节前，本基金主要配置了3年期以内的政策性金融债，春节后考虑到资金面最宽松的时候逐步过去，进一步降低了组合久期，配置了1年以内的政策性金融债。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.671Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金 2021年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=574032","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548242","stockId":3000000090023,"sao":"2020年是极不平凡的一年，全球经济受到突如其来的新冠疫情的严重冲击，人们生活亦受到巨大的影响，进而造成了全球资本市场的巨大波动。年初新冠疫情爆发之后，我国采取了极其有力的措施，迅速控制住了疫情，经济活动自3月份开始逐步恢复，年内实现了V型反转。海外疫情则从3月份开始愈演愈烈，直到年底也未有明显好转。2020年我国成为全球唯一实现正增长的主要经济体，全年GDP增长2.3%。从三驾马车来看，由于海外疫情持续发酵，出口成为拉动国内经济增长的最大动力，投资稳步回升，而消费复苏相对较为缓慢。  从货币政策来看，为应对新冠疫情冲击，人民银行在疫情爆发之初迅速采取了果断措施，下调包括MLF利率在内的政策利率，维持银行体系流动性充裕。随着疫情得到控制，经济逐步恢复，又前瞻性的逐步将货币政策操作回归常态。债券市场在2020年波动较大，年初至4月份由于疫情冲击，利率大幅下行，10年国债一度突破2008年低点，达到2.46%附近，而5月之后利率快速回升，并回到疫情之前2019年的水平，10年国债最高达到3.37%。  本基金在2020年8月份完成转型，转型前为理财债基，转型后为主要投资金融债的债券基金，自9月份开始主要配置3年以内的政策性金融债，同时适当波段操作。2020年四季度3年附近政策性金融债表现较好，本基金亦取得了不错的收益。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.663Z","mo":"展望2021年，全球经济不确定性显著下降，一方面，随着疫苗的大量使用，新冠疫情有望逐步消退；另一方面，拜登就任美国总统之后，美国对外政策有望回到正轨。我国面临的外部环境有望在一定程度上好转。从国内来看，经济增长和货币政策均有望回归常态。我们预计2021年国内利率大概率呈现震荡走势，下半年如果通胀预期上升，长端利率可能面临一定的压力。在投资策略上，我们将继续采取稳健的投资策略，通过灵活的久期调整，力争为持有人赚取超额收益。","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金(原大成月月盈短期理财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=553164","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548241","stockId":3000000090023,"sao":"2020年三季度国内经济延续回升态势，7-9月制造业PMI均在51以上，显示制造业持续扩张。工业增加值稳步上升，已经基本回到新冠疫情前的水平，消费缓步复苏，社零已经回到正增长区间。在国内疫情已经得到控制的情况下，预计经济增速将逐步回归正常。海外方面，虽然疫情出现反复，但较上半年亦明显好转。通胀方面，CPI和PPI在三季度总体符合预期，表现平稳。  三季度人民银行维持稳健中性的货币政策取向，主要通过MLF和OMO调节市场流动性，三季度银行间流动性受到利率债供给较大的影响，资金面总体处于紧平衡的状态。此外，受到商业银行压降结构性存款的影响，中小银行负债端面临较大压力，同业存单发行利率大幅上行，导致债券短端收益率上行幅度较大。  本基金在8月4日由理财型债基转型为主要投资商业银行债券的基金，由于对三季度债市偏谨慎，本基金在9月中旬之间主要以短期流动性管理为主，9月中旬逐步配置2-3年政策性金融债，拉长组合久期，获取超额收益，业绩表现较好。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.660Z","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=490722","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4537fea5b3eb0548240","stockId":3000000090023,"sao":"2020年一季度受国内新冠肺炎病毒疫情影响，国内消费受到较为明显的冲击，随着年后制造业复工推迟，制造业供应链不通畅，工业企业生产也受到较大影响。中小企业受到的影响尤其严重，社会就业有较大压力。疫情在全球的快速扩散和不断恶化，也使得全球供应链条和外需增长速度承受较大的压力。二季度开始国内疫情基本受到控制,全国解禁人员流动,社会复工复产逐步开展。为应对疫情冲击，全球政府和央行都采取了宽松的财政政策和货币政策措施。一季度国内央行也加大流动性投放，降低政策利率，引导社会融资成本的下降。财政政策方面，也通过提高财政赤字率、发行特别国债、增加地方政府专项债券等措施托底经济增长，债券市场到期收益率大幅下行，股市宽幅震荡。二季度开始复产复工有序进行，4月份以来各项经济数据呈现回暖迹象，工业增加值同比降幅持续收窄，银行间资金面开始边际收紧，疫情应对期间的阶段性金融支持政策开始逐步退出，从以疫情恐慌期间的货币政策退到基于疫情恐慌之后的基本面为基础的货币政策。随着疫情缓解、政策支持和基本面的逐步改善，二季度股市趋势上涨，债券到期收益率有所上行。  2020上半年，本基金在在保障流动性及安全性的基础上，充分利用杠杆收益增强作用，抓住重要时点进行配置，并根据债券市场的波动合理地进行波段交易操作。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:08:19.656Z","mo":"展望2020年下半年，国内疫情影响逐步消退，经济增速逐步恢复，货币政策常态化且更加关注基本面的边际变化。国际疫情形势仍不容乐观，全球经济增长仍有较大压力。下半年国内经济仍将边际向好，但短期就业压力仍将较大，货币政策预计维持适度宽松，债券市场将宽幅震荡。","fund":{"_id":3000000090023,"__csrcFundId":3276,"stockCode":"090023","shortName":"大成安汇金融债债券C","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":90023,"masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:50.547Z","status":"normal","inceptionDate":"2012-11-28T16:00:00.000Z","name":"大成安汇金融债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成安汇金融债债券","pinyin":"dcahjrzzqxzqtzjj","managers":[{"stockCode":"8801400677","stockType":"fund_manager","exchange":"fm","tickerId":2324154660,"name":"汪曦"}]},"announcement":{"linkText":"大成安汇金融债债券型证券投资基金中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=453803","linkType":"PDF","source":"csrc_pdf"}}]}