Income-minded investors have turned to high-yield, dividend-paying stocks to enhance their portfolios, but the investments come with risks. Alternatively, a revenue-weighted, high dividend exchange traded fund approach could steer investors toward companies with stronger fundamentals or those that are more likely to maintain their higher level of yields.

Specifically, investors can look to OppenheimerFunds’ suite of Oppenheimer Ultra Dividend Revenue ETF (NYSEArca: RDIV) and more recently launched Oppenheimer Emerging Markets Ultra Dividend Revenue ETF (NYSEArca: REDV) and the Oppenheimer International Ultra Dividend Revenue ETF (NYSEArca: RIDV).

Oppenheimer Ultra Dividend Revenue ETF invests in the securities in the S&P 900 with the highest trailing dividend yield. Each of these securities is then weighted by top line revenue, instead of market capitalization.

The Oppenheimer Emerging Markets Ultra Dividend Revenue ETF tries to reflect the performance of the FTSE Custom Emerging Ultra Dividend Revenue Index, which takes the top 100 components from the FTSE Emerging Index based on the highest average of the 1-year trailing dividend yields over the past two years and then re-weights those securities based on the revenue earned.

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