固收+基金上调成长配置，优选组合调整持仓：固收+及纯债基金月度跟踪（2025年10月）-20251013

Group 1: Core Insights - The report indicates that the performance of equity-type and mixed-type fixed income plus funds has been volatile this year, with a positive performance in September, where mixed, equity, and convertible bond funds increased by 0.87%, 0.77%, and 0.15% respectively [3][14]. - The report highlights a continuous reduction in the position of convertible bond products after a prolonged period of steady growth, indicating a phase of adjustment [4][14]. - The overall risk exposure of fixed income plus funds in terms of bond duration remains stable, while there is an increase in the use of credit strategies, particularly with a notable rise in growth style exposure in equity assets [5][19][21]. Group 2: Fixed Income Plus Fund Tracking - The report outlines that a quarterly selection of 10 funds based on various metrics has been made to construct a preferred fixed income plus fund portfolio, which has outperformed the secondary bond fund index by 0.34% this year [6][27]. - The preferred portfolio's performance in September showed a slight underperformance against the secondary bond fund index by 0.22%, indicating a more stable performance overall [27]. - The report provides detailed tracking of the preferred portfolio's holdings, showcasing a diverse range of asset types and equity classifications [33][35]. Group 3: Pure Bond Fund Tracking - The pure bond fund index experienced a decline of 0.15% in September, with a year-to-date return of 0.29%, while the short-term pure bond fund index increased by 0.03% with a year-to-date increase of 0.93% [39]. - The report notes a significant adjustment in credit structure exposure for pure bond funds, with a general increase in credit bond allocation, reflecting a strong consistency in credit strategy adjustments [44]. - The preferred pure bond fund portfolio has also outperformed the medium to long-term pure bond fund index, with a slight outperformance of 0.01% in September and 0.07% year-to-date [50][56].