每当行情剧烈起伏，总会让人重新审视"少亏即是赢"的朴素道理。眼下沪指失守4000点，不少投资者 再度将目光投向固收类产品，能拿稳、能安睡就是好产品。 今天要介绍的这只基金，成立于2015年3月，最新合并规模为18.73亿。成立以来基金净值增长达 95.84%，同期业绩基准为66.05%，沪深300指数涨幅为29.5%，显著跑赢。并且，该基金历年收益均 为正，年化回报为6.28%。 成绩不错，该只基金回撤控制同样稳健。成立以来，该基金仅有3次动态回撤超过4%，即便在2020年 3月创下历史极值，也控制在5%附近。 可作为稳健投资者的备选基金。 作者 | 市值风云基金研究部 编辑 | 小白 （来源：Choice数据） 这只基金为鹏华弘利混合（A类：001122，C类：001123），由李君管理，自其2015年5月上任以来已 执掌该基金近10年。李君目前在管3只产品，总规模为20.44亿元，鹏华弘利混合是其核心代表 作品 。 （来源：市值风云APP） （来源：天天基金网） 鹏华弘利混合A的业绩基准为一年期银行定期存款利率（税后）+3%，可以把它看成一只固收+产 品。 从资产配置结构上看，债券是该只产品的压舱石，尤其 ...

Core Insights - The article discusses the launch of the 2026 TOP50 fixed income fund manager ranking, highlighting the significant growth of "fixed income +" products in 2025 and the positive reputation of the ranking list [1][2]. Performance Summary - The average performance of various fund categories for 2025 shows that: - The average return for cash equivalent funds is 1.61%, compared to 1.30% for the Wind Money Market Fund Index [2]. - The short-term bond fund average return is 1.29%, slightly lower than the Wind Short-term Pure Bond Fund Index at 1.40% [2]. - The stable "fixed income +" average return is 4.75%, outperforming the non-pure bond index at 4.58% [2]. - The active "fixed income +" average return is 7.78%, exceeding the Wind Mixed Bond Fund Index at 6.53% [2]. - The balanced equity and bond fund average return is 20.41%, significantly higher than the Wind Balanced Mixed Fund Index at 16.77% [2]. Ranking Methodology - The ranking considers factors such as historical performance, excess return stability, maximum drawdown, Sharpe ratio, Calmar ratio, volatility, and qualitative analysis [3]. - The average management tenure of the selected fund managers is 10.43 years, with an average management scale of 32.38 billion [6]. - The list includes only 50 fund managers to avoid excessive homogeneity, with rankings not being prioritized [6]. Fund Classification - A unique classification method categorizes fixed income funds into five types based on risk exposure and return characteristics: 1. Cash alternative 2. Conservative income 3. Stable "fixed income +" 4. Active "fixed income +" 5. Balanced equity and bond [5]. Fund Manager Selection - The selection process excludes managers with less than five years of experience to ensure stability and risk control [6]. - Multi-manager configurations are considered due to the diverse asset classes involved in fixed income funds [6]. - The list excludes dollar-denominated bonds and money market funds, while including mixed bond fund of funds (FOF) due to the importance of asset allocation [7].