Sally is the manager for a mutual fund that she actively manages. Which of the following is LEAST LIKELY to be mentioned by Sally as an advantage of actively managed funds over passively managed funds?

A. Having a professional manager who seeks to beat the returns of the market. B. Having a professional manager who can respond to market conditions and quickly change portfolio allocations. C. Having a fund that is typically more tax efficient than passive funds. D. All of the above are likely to be mentioned as advantages of actively managed funds