2023 has passed quickly, the year is long, and the year is short, take stock of the buzzwords of the year.
It has also become one of the landmark events for us to look back on this year.
These buzzwords, the epitome of the times, record the changes in society and tell the perception of life.
Looking back on this year, big guys are common"Focus on a stable"., strive to achieve stable "wealth appreciation", and strive to seek stability"Emotional value".
Favorite"Hitchhiker".It is impossible to meet and rush to a passionate one"Go both ways".Looking forward to accomplishing each other's better achievements.
In the passage of time, we found that the artificial sense of steadfastness and control of things often makes people feel excited and hopeful"The Turning of the Gears of Fate"., always in their own hands.
I hope that in the future, we will look back at our current self and be able to say that the light boat has passed over the ten thousand mountains, and the long road is long and brilliant.
Of course, financial investment is also indispensable to summarize and review, and review the past in order to better plan for the future.
In 2023, more and more friends will begin to pay attention to the "pursuit of stability" bonds**.
Today, we try to use the buzzword of the year to review Penghua Fixed Income in 2023.
Buzzword: The main one is stable
As a popular online sentence at present, "focus on one" emphasizes the characteristics and advantages of a person or something in a specific field, such as "focus on stability", "focus on a fast", "focus on happiness", etc.
In the face of the turbulent capital market, bonds** are "the main pursuit of stability". Especially in this year's market, medium and long-term pure bonds and short-term bonds are generally favored by the people. For ordinary investors, it is particularly important to find the right "ballast stone" in daily asset allocation to cope with market fluctuations, and medium and long-term pure bonds** and short-term bonds** are often better choices.
According to the analysis of professionals, the allocation of pure debt by public investors is more likely to obtain a more stable and less volatile holding experience.
The pure debt ** Penghua managed by Liu Tao enjoys 180 days (014315) in two quarters, and has performed steadily since its inception in March 2022. According to the statistics of the regular report, the net value growth rate of the ** in the past year and since its inception was98%, and the benchmark rate of return for the same period was .29%。According to wind data, as of December 24, 2023, the maximum drawdown of the year was only 027%, compared to the average of 041%。
Penghua Wenli Short-Term Bond A (007515), co-managed by Ye Chaoming and Wang Kangjia, was established in 2019 and is committed to bringing stable returns to investors. According to the statistics of the regular report, the growth rate of the net value of the ** in the past year, three years and since its inception was46%, and the benchmark rate of return for the same period was .67%。According to wind data, as of December 24, 2023, the maximum drawdown of the year was only 018%, compared to the average of 022%。
Buzzword: Emotional value
"Emotional value" has changed from a marketing concept to an ability, the more comfortable, pleasant and stable emotions a character brings to others, the higher its emotional value, and the "emotional value" is positive, which can bring good feelings to people and stimulate positive emotions.
Market ups and downs are the norm, and if you are affected by long-term anxiety, transaction costs and opportunity costs are often wasted. A reliable fixed income team and a reliable fixed income manager are like good friends on our investment road, which not only brings good opportunities for stable income, but more importantly, provides better "emotional value" to help us better control our emotions and be a calm citizen.
According to wind data, as of December 20, 2023, the annualized volatility of the two indices in the past five years is35%, you can feel the stability of the overall debt base.
I believe that many friends hope to find a good product that can make them eat well and sleep peacefully most of the time. According to Morningstar China's long-term performance list, as of September 30, 2023, Penghua Industrial Bond A, Penghua Fenglu, Penghua Convertible Bond A, Penghua Fengxiang and Penghua Fengkang A have ranked among the top 10 in the same category for three consecutive quarters in 2023, providing investors with long-term and stable historical performance returns.
Buzzword: Hitchhiker
"Partner" refers to the social relationship pattern formed due to common interests or needs, giving each other "just the right companionship", from meal pairing, travel pairing, to learning pairing, fitness pairing, there are many types, it can be said that everything can be matched!
In fact, in ** investment, "partners" can also be seen everywhere, such as public offering FOF is an "investment partner" composed of different products. As a high-quality investment "partner", a number of bonds** under Penghua Fixed Income are favored by external public FOF products.
According to the statistics of Ping An** Research Report, as of September 30, 2023, Penghua Wenli Short-term Bond A (007515) led by Ye Chaoming and Wang Kangjia has been heavily held by external FOF with a scale of 400 millionFang Chang's Penghua Fengheng (003280) is held by 15 external FOF heavy positions, ranking seventh among the top 10 bonds in terms of the number of FOF heavy positions**. According to the statistics of Guoxin ** Research Report, as of September 30, 2023, Penghua Fengli A (160622) led by Wang Shiqian has been heavily held by external FOF with a scale of 33.3 billion, ranking tenth in the largest "fixed income +"* of FOF heavy positions.
Buzzword: Go both ways
"Two-way running" refers to the relevant parties working together towards a common goal and approaching each other, which is mostly used to express mutual love and closeness to each other.
*The long-distance investment run of the product is more like a "two-way run". Managers, products and holders, because of trust, can support each other at a low point;Because it is suitable, it is possible to harvest the roses of time. The market is unpredictable, and having the good intention of "going both ways" may allow us to better hold excellent ** for a long time and find a firm investment goal in the ups and downs of the market.
Looking back on 2023, as of December 25, according to the data of Galaxy**, the overall net value growth rate of pure debt bonds** during the year was 346%。Pure debt** has gained more favor from public investors by virtue of its "positive return" performance in the ** market. **According to the data of the third quarter, the scale of the debt base at the end of the third quarter hit a record high, reaching 833 trillion yuan.
Penghua also has a lot of long-term stable performance of the bond base, bringing the people friends a "two-way running" investment experience, many holders said that they have encountered the "right" **. According to the statistics of the regular report, as of September 30, 2023, in terms of pure debt, Penghua enjoyed a 180-day holding in two quarters, with a single-quarter growth of more than 2.1 billion yuan, and the latest scale exceeded 11.8 billion yuanThe scale of Penghua Fengning increased by more than 700 million yuan in a single quarter, and the latest scale is about 2 billion yuan. In addition, the scale growth of Penghua Fengda and Penghua Fenglu in a single quarter exceeded 500 million yuan, and the latest scale was 4.4 billion yuan and 5.5 billion yuan respectively. In terms of hybrid bond first-class **, the scale of Penghua Fortress increased by more than 300 million yuan in a single quarter, and the latest scale reached 1.8 billion yuan.
From the perspective of the number of holders, according to the statistics of the ** regular report, as of September 30, 2023, the number of holders of Penghua Fengxiang, Penghua Nianhong one-year holding period A, Penghua Fenglu and 540,000 respectively exceeded 600,000, 550,000 and 540,000, and the number of holders of Penghua Fengheng A and Penghua Fengheng A exceeded 350,000 and 990,000 households.
Summary
Penghua Fixed Income's 2023 annual inventory.
Adhering to the original intention of stability.
Race for eight tracks.
Keep running long distances to win.
Embrace 2024
Let's all be motivated, firm in our beliefs, and ready to go!
Risk Warning:**The product has the risk of income fluctuation, and the manager promises to manage and use the **asset in good faith, diligence and due diligence, but does not guarantee that the principal will not be lost, does not guarantee that the **profit will be made, and does not guarantee the minimum return. The registration of the China Securities Regulatory Commission (CSRC) does not indicate that it has made a substantive judgment or guarantee on the value and income of the company, nor does it indicate that there is no risk in investing in the company. Past performance is not indicative of future performance, and other performance managed by the Manager does not constitute a guarantee of this performance. Investors should read the contract and prospectus and other legal documents in detail to understand the specific situation of this contract. China's first operation time is relatively short, and it cannot reflect all stages of development. **Invest with caution. "Fixed income +" does not mean that the investment will be profitable, nor does it guarantee a minimum return. While investing in equity assets may bring the possibility of thickening returns, it also makes the capital may face the risk of principal loss due to market fluctuations. The expected risk, drawdown rate and volatility of "fixed income+" products are generally higher than those of ordinary pure bonds**. The risk level of the **, the investment ratio of equity assets and the possible risks of investing in the ** should be carefully read the introduction of the **legal documents and the product page on the official website of the manager and the sales agency.
Ye Chaoming's performance summary] data**: product quarterly reports, dated as of 2023-09-30. Penghua China Bond 3-5 Year CDB A was established on 2020-04-27, and the total net value has increased by 1143%, and the annual net growth rate of the benchmark rate of return for the same period was .4%；The benchmark rate of return for the same period was .93%。Penghua China Debt 3-5 Year CDB C was established on 2020-04-27, and the total net value has increased by 1254%, and the net growth rate of the benchmark yield for the same period was .41%；The benchmark rate of return for the same period was .93%。Penghua China Bond 1-3 Year Agricultural Development Bank A was established on 2020-08-17, and the total net value has increased by 1007%, the net value growth rate of the benchmark yield for the same period was respectively83%；The benchmark rate of return for the same period was .57%。Penghua China Bond 1-3 Year Agricultural Development Bank C was established on 2020-08-17, and the total net value has increased by 6816%, and the annual net growth rate of the benchmark yield for the same period was .75%；The benchmark rate of return for the same period was .57%。Penghua Wenli Short-term Bond A was established on 2019-10-30, and the total net value has increased by 1246%, and the net growth rate of the benchmark yield for the same period was .09%；The benchmark rate of return for the same period was .17%。Penghua Wenli Short-term Bond C was established on 2019-10-30, and the total net value has increased by 1071%, and the annual net growth rate of the benchmark yield for the same period was .69%；The benchmark rate of return for the same period was .17%。Penghua Hongan A was established on 2015-11-24, and the total net value has increased by 55 since its establishment99%, and the annual net growth rate of the benchmark rate of return for the same period was .76%；The benchmark rate of return for the same period was .34%、-4.5%。Penghua Hongan C was established on 2015-11-24, and the total net value has increased by 52 since its establishment31%, and the annual net growth rate of the benchmark rate of return for the same period was .51%；The benchmark rate of return for the same period was .34%、-4.5%。Penghua Wenrui short-term bonds were established on 2021-12-27, and the total net value has increased by 46%, and the benchmark rate of return for the same period is 503%。The net growth rate in 2022 is 194%；The performance of the same period is compared with the benchmark rate of return of 248%。Penghua 0-5 year interest rate bond was established on 2019-12-20, and the total net value has increased by 1321%, and the net growth rate of the benchmark yield for the same period was .65%；The benchmark rate of return for the same period was .64%。The 0-4 Land Bond ETF was established on 2020-07-30, and the total net value has increased by 911%, and the annual net growth rate of the benchmark rate of return for the same period was .55%；The benchmark rate of return for the same period was .79%。The 5-year land bond ETF was established on 2019-08-23, and the total net value has increased by 1602%, the net value growth rate of the benchmark yield for the same period was .96%；The benchmark rate of return for the same period was .5%。【Wang Kangjia Performance Summary】Data**: Quarterly reports of the product, dated as of 2023-09-30. Penghua Fengzun was established on 2023-03-10, and the total net value has increased by 176%, and the benchmark rate of return for the same period is 106%。Penghua Wenli Short-term Bond A was established on 2019-10-30, and the total net value has increased by 1246%, and the net growth rate of the benchmark yield for the same period was .09%；The benchmark rate of return for the same period was .17%。Penghua Wenli Short-term Bond C was established on 2019-10-30, and the total net value has increased by 1071%, and the annual net growth rate of the benchmark yield for the same period was .69%；The benchmark rate of return for the same period was .17%。Penghua Hongan A was established on 2015-11-24, and the total net value has increased by 55 since its establishment99%, and the annual net growth rate of the benchmark rate of return for the same period was .76%；The benchmark rate of return for the same period was .34%、-4.5%。Penghua Hongan C was established on 2015-11-24, and the total net value has increased by 52 since its establishment31%, and the annual net growth rate of the benchmark rate of return for the same period was .51%；The benchmark rate of return for the same period was .34%、-4.5%。Penghua Wenfu Short and Medium Term Bond A was established on 2022-11-01, and the total net value has increased by 341%, and the performance of the same period compared with the benchmark rate of return of 208%。Penghua Wenfu Short and Medium Term Bond C was established on 2022-11-01, and the total net value has increased by 311%, and the benchmark rate of return for the same period is 208%。Penghua Wenfu Short and Medium Term Bond E was established on 2022-11-01, and the total net value has increased by 319%, and the benchmark rate of return for the same period was 208%。Penghua Wenrui short-term bonds were established on 2021-12-27, and the total net value has increased by 46%, and the benchmark rate of return for the same period is 503%。The net growth rate in 2022 is 194%；The performance of the same period is compared with the benchmark rate of return of 248%。Penghua Hongkang A was established on 2016-09-29, and the total net value has increased by 42 since its establishment2%, and the annual net growth rate of the benchmark rate of return for the same period was .17%；The benchmark rate of return for the same period was .69%。Penghua Hongkang C was established on 2016-09-29, and the total net value has increased by 36 since its establishment26%, and the annual net growth rate of the benchmark rate of return for the same period was .09%；The benchmark rate of return for the same period was .69% [Penghua Liu Tao Performance Summary] data**Regular report, as of 20239.30。Penghua Putian Liu Tao since 20175.24 ** managers, net worth growth since establishment The performance benchmark is A: 16349%/93.61%;b: 143.58%/93.61%, 2018-2022 net value growth performance benchmark A share of94%/3.32%;The share of b is64%/3.32%。Penghua Yongcheng has been set to open Liu Tao since 201812.28 ** managers, net worth growth since establishment The performance benchmark is 221%/22.22%, 2018-2022 net value growth performance benchmark is50%/3.37%。Penghua Fengrong Liu Tao since 20165.27 ** managers, net value growth since establishment The performance benchmark is 9879%/22.01%, 2018-2022 net value growth The performance benchmark is56%/2.00%。Penghua Fenglu Liu Tao since 201611.17 ** managers, net worth growth since establishment The performance benchmark is 4497%/28.2%, 2018-2022 net growth performance benchmark is31%/3.37%。Penghua Zunyue 3 months Liu Tao since 20187.13 ** managers, net worth growth since establishment The performance benchmark is 1246%/16.91%, 2018-2022 net growth The performance benchmark is97%/3.31%。Penghua Zuntai has a net value growth of 15 since its establishment in one year40%/15.76% net growth in 2020-2022 performance benchmark81%/3.31%。Penghua Yongrun's net value growth since its establishment was 1615%/17.09%, 2019-2022 net value growth performance benchmark is09%/2.94%。Penghua Fengrui Liu Tao in 20175.12-2020.2.20 years as ** manager, 202010.30-Present, he has served as a ** manager, and his net worth has grown since his inception The performance benchmark is 2843%/32.98%, 2018-2022 net value growth performance benchmark is57%/3.37%。Penghua Yongrong is scheduled to open Liu Tao in one year since 20218.28 ** managers. Since its inception, the net value has grown on a performance benchmark of 188%/17.08%, 2019-2022 net value growth The performance benchmark is08%/2.94%。Penghua Fengxin Liu Tao since 20221.22 ** managers, net worth growth since establishment performance benchmark of 1525%/4.22%, 2019-2022 net growth performance benchmark is00%/0.50%。Penghua has held the net value growth since its establishment The performance benchmark is A: 1102%/4.09%;c: 10.01%/4.09%, 2020-2022 net value growth Performance benchmark: A share is86%/0.71%；The c share is .55%/0.71%。Penghua Puli was established in 20206.11. The net value growth since its establishment The performance benchmark is a: 1272%/13.21%;c: 11.59%/13.21%, 2020-2022 net value growth Performance benchmark: A share is98%/3.32%；The c share is .65%/3.32%；Penghua has enjoyed 180 days in two seasons, and Liu Tao has been since 20223.25 ** managers, net worth growth since establishment The performance benchmark is a: 598%/4.29%;c: 5.67%/4.29%, 2022-2022 net value growth Performance benchmark: A share is26%/1.85%；The c share is .18%/1.85%。Penghua Fengyi Liu Tao in 20227.23 served as ** manager, and the net value growth since establishment The performance benchmark is 1058%/4.11%, 2021-2022 net growth performance benchmark is75%/0.50%。Penghua Fengdeng Liu Tao in 20227.23 ** managers. Since its establishment, the net value has grown on a performance benchmark of 1224%/4.04%, 2019-2022 net value growth performance benchmark is43%/0.50%。Penghua Fengyuan Liu Tao in 20228.12 ** managers. Net growth since inception The performance benchmark is 2614%/33.51%, 2018-2022 net value growth performance benchmark is88%/3.37%。Penghua Fengshang Liu Tao since 202212.17 ** managers. Net growth since inception The performance benchmark is A: 262%/31.83%;b: 22.98%/31.83%, 2018-2022 net value growth Performance benchmark: A share is31%/5.69%、-6.33%/3.37%；The share of b is85%/5.69%、-6.61%/3.37%。Penghua Yongda's short- and medium-term bonds are set to open for 6 months, and Liu Tao has been open since 20238.15 ** managers, net value growth since establishment The performance benchmark is a: 056%/0.13%;b: 0.51%/0.13%, net value growth in 2019-2022 Performance benchmark: A share is43%/-0.23%、-28.86%/-10.8%；The share of b is42%/-0.23%、-29.47%/-10.8%。Penghua Fenghua Liu Tao in 20237.7 ** managers. Net growth since inception The performance benchmark is 3254%/35.41%, 2018-2022 net value growth performance benchmark is29%/3.37%。【Penghua Zhusong Performance Summary】【Zhusong Performance Summary】Data**: Quarterly reports of the product, dated as of 2023-06-30. Penghua Harvest was established on 2008-05-28, and the total net value has increased by 1112%, and the annual net growth rate of the benchmark rate of return for the same period was .09%、-6.87%；The benchmark rate of return for the same period was .37%。Penghua Yongtai was established in 18 months on 2017-05-25, and the total net value has increased by 35 since its establishment97%, and the annual net growth rate of the benchmark rate of return for the same period was .13%；The benchmark rate of return for the same period was .37%。Penghua Fengcheng A was established on 2020-03-25, and the total net value has increased by 1172%, and the annual net growth rate of the benchmark rate of return for the same period was .54%；The benchmark rate of return for the same period was .02%。Penghua Fengcheng C was established on 2020-03-25, and the total net value has increased by 1064%, and the annual net growth rate of the benchmark yield for the same period was .23%；The benchmark rate of return for the same period was .02%。Penghua Fengkang was established on 2017-03-17, and its total net value has increased by 371%, and the annual net growth rate of the benchmark rate of return for the same period was .87%；The benchmark rate of return for the same period was .37%。Penghua Fortress LOF was established on 2014-12-08, and the total net value has increased by 8881%, and the annual net growth rate of the benchmark rate of return for the same period was .29%；The benchmark rate of return for the same period was .37%。Penghua Yongsheng was established on 2016-12-29, and the total net value has increased by 32 since its establishment96%, and the annual net growth rate of the benchmark rate of return for the same period was .38%、-0.81%；The benchmark rate of return for the same period was .37%。Penghua Industrial Bond was established on 2013-02-06, and the total net value has increased by 81 since its establishment45%, and the annual net growth rate of the benchmark rate of return for the same period was .8%；The benchmark rate of return for the same period was .37%。Penghua Yongping was established on 2022-08-11 in 6 months, and the total net value has increased by 188%, and the benchmark rate of return for the same period is 325%。【Penghua Wang Shiqian's Performance Summary】【Wang Shiqian's Performance Summary】Data**: Quarterly reports of the product, dated as of 2023-06-30. Penghua Convertible Bond A was established on 2015-02-03, and the total net value has increased by 471%, and the benchmark yield for the same period was 1671%。The net growth rate from 2018 to 2022 is36%、-22.49%；The benchmark rate of return for the same period was .17%、-7.29%。Penghua Double Bond Poly was established on 2013-09-18, and the total net value has increased by 63 since its establishment61%, and the benchmark rate of return for the same period was 4902%。The net growth rate from 2018 to 2022 is81%、-5.32%；The benchmark rate of return for the same period was .75%。Penghua Fengli C was established on 2023-02-24, and the total net value has increased by 12%, and the benchmark rate of return for the same period is 25%。Penghua Double Bond Plus A was established on 2013-05-27, and the total net value has increased by 85% since its inception31%, and the benchmark rate of return for the same period is 5097%。The net growth rate from 2018 to 2022 is1%、-5.15%；The benchmark rate of return for the same period was .75%。Penghua Changxiang A was established on 2022-09-29, and the total net value has increased by 01%, and the benchmark rate of return for the same period is 265%。Penghua Changxiang C was established on 2022-09-29, and the total net value has increased by -013%, and the benchmark rate of return for the same period is 265%。Penghua Convertible Bond C was established on 2020-12-17, and the total net value has increased by 69%, and the net value growth rate of the benchmark yield for the same period was 2808%、-22.59%；The benchmark rate of return for the same period was 1217%、-7.29%。Penghua Anhui A was established on 2020-06-24, and the total net value has increased by 67%, and the annual net value growth rate of the benchmark rate of return for the same period was 409%、-7.86%；The benchmark rate of return for the same period was 366%、-1.79%。Penghua Anhui C was established on 2020-06-24, and the total net value has increased by 542%, and the net growth rate of the benchmark rate of return for the same period was 368%、-8.23%；The benchmark rate of return for the same period was 366%、-1.79%。Penghua Fengli LOF was established on 2016-04-25, and the total net value has increased by 66 since its establishment5%, and the benchmark rate of return for the same period is 5288%。The net growth rate from 2018 to 2022 is99%、-0.81%；The benchmark rate of return for the same period was .37%。Penghua Anyue held a year A was established on 2021-02-09, and the total net value has increased by -3 since its inception4%, and the benchmark rate of return for the same period is 457%。The net growth rate in 2022 is -7., respectively05%；The benchmark rate of return for the same period was 033%。Penghua Anyue held C for one year was established on 2021-02-09, and the total net value has increased by -4 since its inception32%, and the benchmark rate of return for the same period is 457%。The net growth rate in 2022 is -7., respectively43%；The benchmark rate of return for the same period was 033%。Penghua Double Bond Plus C was established on 2021-07-30, and the total net value has increased by -298%, and the benchmark rate of return for the same period is 912%。The net growth rate in 2022 is -5., respectively33%；The benchmark rate of return for the same period was 475%。Penghua Anyi A was established on 2021-11-02, and the total net value has increased by -243%, and the benchmark rate of return for the same period was 337%。The net growth rate in 2022 is -3., respectively47%；The benchmark rate of return for the same period was 033%。Penghua Anyi C was established on 2021-11-02, and the total net value has increased by -274%, and the benchmark rate of return for the same period is 337%。The net growth rate in 2022 is -3., respectively66%；The benchmark rate of return for the same period was 033%。Penghua Eversheds two-year holding period A was established on 2020-07-29, and the total net value has increased by 559% compared to the benchmark rate of return for the same period The annual net growth rate was 608%、-4.78%；The benchmark rate of return for the same period was 322%、-1.93%。The two-year holding period C was established on 2020-07-29, and the total net value has increased by 405%, the net value growth rate of the benchmark rate of return for the same period was 556%、-5.26%；The benchmark rate of return for the same period was 322%、-1.93%。