I) An non-tax advantaged investor put $100,000 in a mutual fund in January 10, 2021. He did not touch the investment within the year and has $120,000 in December 31, 2021. He does not have the pay capital gains taxes because he did not realize capital gains.

II) ETFs are passively managed, that is, they track broad market indexes.

A) All Statements are true

B) I is true II is false

C) II is true I is false

D) All statements are false