Sixer: 6 ETFs Yielding 6% Or More (SDIV, AUD, EMFN) When it comes to dividends and yield, a few things remain facts of life in the current market environment. First, investors love and, arguably, need dividends because of anemic interest rates on high-grade corporate bonds, U.S. Treasuries, and money markets. Second, the universe of

. Third, not all

. Not surprisingly, the more yield an investor grabs for, the more the some good/some bad ETF conundrum escalates. Yes, six ETFs with yields of 6% or more will be featured here, but cautionary tales apply to a couple of them.

The Global X SuperDividend ETF timed things right coming to market 10 months ago and it shows with an impressive assets under management total of almost $56.3 million. The fund's 100 holdings range in weight from 0.78% to 1.24%, indicating an almost equal-weight approach. According to Global X data, SDIV has a distribution yield of 12.25% and a 30-day SEC yield 7.34%, probably virtue of large sector weights to REITs (21.7%) and telecoms (16.5%). SDIV is up almost 8% year-to-date and should be considered one of the better members of the 6%+ yield club.

If the ETFs on this list were ranked in order of preference (they're not), the iShares MSCI Emerging Markets Financials Sector Index Fund would be in the middle, say number three or number four. That's not because of performance. After all, the ETF was up more than 17% year-to-date at the start of Wednesday's session. The problem with EMFN is light volume. Combine that with this being an emerging markets play and investors have to contend with wide bid/ask spreads (almost 70 cents at this writing.) EMFN, which devotes more than half of its weight to China, Brazil and South Africa, currently yields over 6%.

Indulging in the ability to say "We told you so," we did

. Tuesday's bounce was a mirage as the lone Spain-specific is down almost 4% today on volume that's well above average. Welcome to the land of the double-digit yield, EWP. Oh yeah, EWP touched a new 52-week low today.

Speaking of Tuesday bounces that have mostly evaporated, we present TAN and the rival Market Vectors Solar ETF (NYSE:

). Both had nice days Tuesday because of First Solar (Nasdaq:

) announcing layoffs and a plant closure. Both yield traps are giving back most of those gains today as traders and investors realize it's going to take much more than one good day to right the sinking solar ship.

The Peritus High Yield ETF is the epitome of "unheralded," but it does have over $86.5 million in AUM in 18 months of trading and that's not too shabby. Before jumping in, study what

. The fund is up 6.2% year-to-date and that doesn't include the average current yield of 10.57%.

The Australia Bond Index Fund is the only U.S. exchange-traded fund (

.