One bond fund, two distribution yields, month by month
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-22, from SEC 30-Day Yield vs Distribution Yield.
| month | month_label | indicated_yield_pct | ttm_yield_pct |
|---|---|---|---|
| 2023-05 | May 2023 | 3.12 | 3.04 |
| 2023-06 | Jun 2023 | 3.18 | 3.11 |
| 2023-07 | Jul 2023 | 3.33 | 3.27 |
| 2023-08 | Aug 2023 | 3.42 | 3.44 |
| 2023-09 | Sep 2023 | 3.9 | 3.83 |
| 2023-10 | Oct 2023 | 4.02 | 4.12 |
| 2023-11 | Nov 2023 | 3.75 | 3.81 |
| 2023-12 | Dec 2023 | 7.27 | 3.89 |
| 2024-02 | Feb 2024 | 3.95 | 3.88 |
| 2024-03 | Mar 2024 | 3.74 | 3.88 |
| 2024-04 | Apr 2024 | 4.25 | 4.23 |
| 2024-05 | May 2024 | 4.08 | 4.17 |
| 2024-06 | Jun 2024 | 4.03 | 4.16 |
| 2024-07 | Jul 2024 | 3.68 | 4.04 |
| 2024-08 | Aug 2024 | 3.92 | 4.01 |
| 2024-09 | Sep 2024 | 3.83 | 3.98 |
| 2024-10 | Oct 2024 | 4.1 | 4.26 |
| 2024-11 | Nov 2024 | 3.97 | 4.22 |
| 2024-12 | Dec 2024 | 9.29 | 4.99 |
| 2025-02 | Feb 2025 | 4.05 | 4.4 |
| 2025-03 | Mar 2025 | 3.82 | 4.45 |
| 2025-04 | Apr 2025 | 4.37 | 4.56 |
| 2025-05 | May 2025 | 4.56 | 4.74 |
| 2025-06 | Jun 2025 | 4.34 | 4.65 |
| 2025-07 | Jul 2025 | 4.53 | 4.74 |
| 2025-08 | Aug 2025 | 4.58 | 4.81 |
| 2025-09 | Sep 2025 | 4.41 | 4.67 |
| 2025-10 | Oct 2025 | 4.13 | 4.62 |
| 2025-11 | Nov 2025 | 4.32 | 4.64 |
| 2025-12 | Dec 2025 | 9.13 | 5.21 |
| 2026-02 | Feb 2026 | 4.39 | 4.62 |
| 2026-03 | Mar 2026 | 4.16 | 4.82 |
| 2026-04 | Apr 2026 | 4.83 | 4.95 |
| 2026-05 | May 2026 | 4.41 | 4.93 |
| 2026-06 | Jun 2026 | 4.66 | 4.9 |
| 2026-07 | Jul 2026 | 4.64 | 5.15 |
| 2026-08 | Aug 2026 | 4.82 | 5.14 |
- Rows × columns
- 37 × 4
- Period covered
- to
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
month |
date | 2023-05 to 2026-08 | |
month_label |
text | 37 distinct values (Apr 2024, Apr 2025, Apr 2026…) | |
indicated_yield_pct |
number | 3.12 to 9.29 | percent |
ttm_yield_pct |
number | 3.04 to 5.21 | percent |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
the exact SQL behind every number
WITH
monthly_px AS
(
SELECT
toStartOfMonth(date) AS m,
argMax(toFloat64(close), date) AS px
FROM global_markets.stocks_daily_aggs
WHERE ticker = 'TLT'
AND date >= today() - 1600
GROUP BY m
),
monthly_cash AS
(
SELECT
toStartOfMonth(exd) AS m,
sum(cash) AS cash
FROM
(
SELECT
any(ex_dividend_date) AS exd,
any(toFloat64(cash_amount)) AS cash
FROM global_markets.stocks_dividends
WHERE ticker = 'TLT'
AND ex_dividend_date >= today() - 1600
AND ex_dividend_date <= today()
GROUP BY id
)
GROUP BY m
),
joined AS
(
SELECT
p.m AS m,
p.px AS px,
c.cash AS cash
FROM monthly_px AS p
INNER JOIN monthly_cash AS c ON c.m = p.m
),
rolled AS
(
SELECT
m,
px,
cash,
sum(cash) OVER (ORDER BY m ASC ROWS BETWEEN 11 PRECEDING AND CURRENT ROW) AS ttm_cash,
count() OVER (ORDER BY m ASC ROWS BETWEEN 11 PRECEDING AND CURRENT ROW) AS months_counted
FROM joined
)
SELECT
formatDateTime(m, '%Y-%m') AS month,
formatDateTime(m, '%b %Y') AS month_label,
round((100 * 12 * cash) / px, 2) AS indicated_yield_pct,
round((100 * ttm_cash) / px, 2) AS ttm_yield_pct
FROM rolled
WHERE months_counted = 12
ORDER BY m ASC
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