Passive income sounds simple: buy a few ETFs, collect the distributions, and let the portfolio do the work. In this Australian Investors Podcast episode, Owen Rask and Marc Jocum from Global X explain where that income comes from and the mistakes that can quietly derail it. In this conversation, they unpack how ETF distributions work, why franking credits still matter for Australian investors, and why a total-return mindset can be more useful than obsessing over the headline yield. Marc also walks through five ETFs worth researching for investors building an income-focused portfolio, from Australian dividend exposure and bank credit through to covered calls and US fixed income. They also unpack the mistakes that trip investors up: concentrating too heavily in one income source, ignoring how income is generated, and reaching for yields that may hide risk on the capital side. Topics in this episode: - How ETF income actually flows to investors - Franking credits, tax statements and pass-through structures - Why chasing headline yield can backfire - The case for diversification beyond banks and miners - ZYAU, BANK and AYLD explained - Why GRPA can complement an income portfolio - USTB, USIG and USHY for global fixed-income exposure - Covered calls, bond yields and rising-rate risks - How to think about passive income with a total-return lens Episode resources - Speak with the Rask Advice team: https://rask.au/advice - Ask a question (select the Investors podcast): https://bit.ly/R-quest Show partner resources - ETF investor? Go beyond ordinary with Global X: View all funds https://www.globalxetfs.com.au - Visit TermPlus to learn more https://termplus.com.au/?utm_source=rask&utm_medium=podcast&utm_campaign=investors&utm_term=general&utm_content=youtube_description - Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) https://termplus.com.au/money-mindset-index/survey/?utm_source=rask&utm_medium=podcast&utm_campaign=money_mindset_index&utm_term=score&utm_content=ad_read_description Rask Resources - All services: https://bit.ly/R-services - Financial Planning: https://bit.ly/R-plan - Invest with us: https://bit.ly/R-invest - Access Show Notes: https://bit.ly/R-notes - Ask a question: https://bit.ly/R-quest - We love feedback! https://raskau.typeform.com/to/ZbfHy6IP Follow us on social media - Instagram: https://www.instagram.com/rask.invest - TikTok: https://www.tiktok.com/@rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg