Polymer coated slow release fertilizers were developed about 35 years ago and have been commercially available to home gardeners for at least 20 years. Since development there have been a multitude of variations and improvements made. These fertilizers are often called "timed-release" fertilizers, but they are more accurately referred to as "controlled-release" (CRF) fertilizers. This is because the mechanism of release, while always dependent on some moisture being present may be more sensitive to temperature or moisture or the passage of time, once activated. Some CRF products are formulated to dissolve slowly. Other CRFs have a polymer coating that allows for nutrient delivery via osmosis (Hence Osmocote). These CRFs have been engineered to cover many different environments to allow matching of the product to the agricultural use. CRFs may be selected with longevities ranging (all at 70 degrees F) from 3 to 4 months all the way up to 14 to 16 months and in just about any combination of nutrients from 20-6-12 to 14-14-14 to 22-2-3. I've used CRFs in my pond plants for over 15 years and always purchase it in 50 pound bags, never the little jars sold at home improvement stores. It is expensive, (From $50 to $80 for 50 lbs) but invaluable, as it allows for one time fertilization of plants that you'd rather not disturb from their pond locale. properly stored controlled release fertilizers have an almost unlimited shelf life if kept completely dry. Because of this I always store unused product in 6 gallon plastic buckets that have a lid with a rubber ring that makes the lid airtight.
I use a CRF known as "Multicote 6", manufactured by Tri Pro Inc. It is labeled as 15-15-15, but includes 1% Magnesium and .15% iron. It is a polymer coated NPK fertilizer programmed to release nutrients continuously at a rate adjusted to plant requirements. The release rate is governed by temperature. Multicote 6 releases nutrients evenly over 6 months at 70 degrees. The release rate is affected only by temperature, not by moisture, nor by bacterial action. Below are the release rates for various average temperatures:
Average Temperature Longevity
60 7-8 months
70 6 months
80 4-5 months
90 3-4 months
One can easily see that in a climate such as zone 7a in which I reside, that even if the pond water temperature was at an average of 90 degrees for 3-4 months, that the timed release fertilizer would last at least that long. In other words, assuming that water average temperature was 90 degrees all summer long and you fertilize with this product on May 1st, it would be actively releasing nutrients continuously through at least mid-August. Not bad, even at the worst case. Actually, my pond water never approaches 90 degrees, rarely getting above 80 degrees, and the average temperature from April 1st (when I do most of my repotting) through September is closer to 70 degrees, giving me nutrient release all the way from may 1st to September 30. Not only that, but the release increases as temperature rises, and decreases as temperature falls, matching the water lilies demand for nutrients, as they grow faster at warmer temperatures and slower as temperatures drop.
Here is a partial list of some of the brand names of CRFs:
Nutricote
Multicote
Osmocote
Apex
Diffusion
Florikan
Polyon