EX-99.(D-11) 2 d25848dex99d11.htm EX-99.(D-11) EX-99.(d-11)

Exhibit (d-11)

AMENDMENT TO

INVESTMENT ADVISORY AGREEMENT

WHEREAS, Fred Alger Management, LLC (“Alger Management”) and The Alger Funds (the “Trust”) entered into an investment advisory agreement dated February 14, 2007 (as amended, supplemented and/or restated to date, the “Agreement”) to provide certain investment advisory services to the Trust and each of its series (the “Funds”); and

WHEREAS, the Trust and Alger Management desire to update the fee schedule to the Agreement;

NOW THEREFORE, in consideration of the promises and mutual covenants contained herein, the parties hereby amend the Agreement, effective as of September 18, 2025, as follows:

1. Schedule I of the Agreement is hereby deleted in its entirety and replaced with Schedule I as attached and incorporated by reference to this amendment.

2. Except as otherwise provided herein, the terms and conditions contained in the Agreement shall remain in full force and effect. Capitalized terms herein that are not defined shall have the meanings ascribed to them in the Agreement.

IN WITNESS WHEREOF, the parties by their duly authorized officers, have caused this Amendment to be executed as of the date first written above.

 

THE ALGER FUNDS     FRED ALGER MANAGEMENT, LLC
By:   /s/ Tina Payne     By:   /s/ Tina Payne
Name:   Tina Payne     Name:   Tina Payne
Title:   Secretary, CCO     Title:   SVP, General Counsel, CCO


SCHEDULE I

 

Name of Fund

  

Annual Fee as Percentage of
Average Daily Net Assets

  

Reapproval Date

Alger Capital Appreciation Fund   

.81% for assets up to $2 billion;

.65% for assets between $2 billion and $3 billion;

.60% for assets between $3 billion and $4 billion;

.55% for assets between $4 billion and $5 billion;

.45% for assets in excess of $5 billion

   October 31, 2027
Alger International Opportunities Fund   

.71% for assets up to $1 billion;

.60% for assets in excess of $1 billion

   October 31, 2027
Alger Mid Cap Growth Fund   

.76% for assets up to $1 billion;

.70% for assets in excess of $1 billion

   October 31, 2027
Alger Weatherbie Specialized Growth Fund   

.81% for assets up to $1 billion;

.75% for assets in excess of $1 billion

   October 31, 2027
Alger Small Cap Growth Fund   

.81% for assets up to $1 billion;

.75% for assets in excess of $1 billion

   October 31, 2027
Alger Small Cap Focus Fund    .75%    October 31, 2027
Alger Health Sciences Fund    .55%    October 31, 2027
Alger Growth & Income Fund    .50%    October 31, 2027
Alger Mid Cap Focus Fund   

.70% for assets up to $250 million;

.50% for assets in excess of $250 million

   October 31, 2027
Alger 35 Fund    0.45%    October 31, 2027
Alger Concentrated Equity Fund    0.45%    October 31, 2027
Alger AI Enablers & Adopters Fund    0.45%    October 31, 2027
Alger International Small Cap Fund    0.75%    October 31, 2027