First Trust Multi-Asset Diversified Income Index Fund has a 6.6% yield from stocks, REITs, preferreds, MLPs and junk bonds.

VYMI stands out with higher yields, global diversification, and discounted international equities providing potential growth.

ETFs are simple to buy and sell, but investors need to dig into the ETF's stock selection process so they know what they are really buying. Right now, one of the best high-yield dividend ETFs ...