February 20, 2024

The Alger ETF Trust

100 Pearl Street, 27th Floor

New York, NY 10004

Dear Sirs:

Fred Alger Management, LLC (“FAM”) hereby agrees to waive fees owed to it by, or to reimburse expenses of, each series (each, a “Fund”) of The Alger ETF Trust (the “Trust”) listed on Schedule A for the time period indicated. FAM will waive and/or reimburse expenses to the extent other expenses exceed the rate of average daily net assets indicated on Schedule A. This expense limitation does not include acquired fund fees and expenses, dividend expense on short sales, net borrowing costs, interest, taxes, brokerage and extraordinary expenses, to the extent applicable.

FAM understands and intends that the Trust will rely on this agreement in preparing and filing its registration statements on Form N-1A and in accruing each Fund’s expenses for purposes of calculating net asset value and for other purposes.

This Agreement may only be amended or terminated prior to its expiration date by agreement between FAM and the Trust’s Board of Trustees, including a majority of the Trustees who are not “interested persons” of the Trust (as defined in the Investment Company Act of 1940, as amended, and will terminate automatically in the event of termination of the Management Agreement between FAM and the Trust, on behalf of each Fund. FAM may recoup any fees waived or expenses reimbursed pursuant to this Agreement; however, a Fund will only make repayments to FAM if such repayment does not cause the Fund’s expense ratio, after the repayment is taken into account, to exceed both (i) the expense cap in place at the time such amounts were waived or reimbursed, and (ii) the Fund’s current expense cap. Such recoupment is limited to two years from the date the amount is initially waived or reimbursed.

Please acknowledge acceptance on the enclosed copy of this letter.

Very truly yours,

Fred Alger Management, LLC

/s/ Tina Payne

By:  Tina Payne, SVP, CCO, General Counsel

Accepted by:

The Alger ETF Trust

/s/ Hal Liebes

By:  Hal Liebes, President

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SCHEDULE A

Fund Name	Fiscal Year End	Expense Cap	Expense Cap Period
Alger Mid Cap 40 ETF	December 31	0.10%	April 30, 2024 – December 31, 2025
Alger 35 ETF	December 31	0.10%	April 30, 2024 – December 31, 2025
Alger Weatherbie Enduring Growth ETF	December 31	0.10%	April 30, 2024 – December 31, 2025
Alger Concentrated Equity ETF	December 31	0.10%	Inception – December 31, 2025
Alger AI Enablers & Adopters ETF	December 31	0.10%	Inception – December 31, 2025

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