Water-dispersible adducted rosin esters, a process for making them, and their use in aqueous tackifier dispersions for pressure-sensitive adhesives are disclosed. Reaction of a rosin with a polyol gives a rosin ester intermediate, which is then reacted with a dienophile to produce an adducted rosin ester. The adducted rosin ester is further esterified with a polyethylene glycol having an Mw