Exhibit (d-7)

AMENDMENT TO

SUB-INVESTMENT ADVISORY AGREEMENT

WHEREAS, Fred Alger Management, LLC (the “Adviser”) and Redwood Investments, LLC (“Redwood”) entered into a sub-investment advisory agreement dated February 1, 2024 (as amended, supplemented and/or restated to date, the “Agreement”) for Redwood to provide certain sub-investment advisory services to Alger Global Equity Fund and certain series of each of The Alger Funds and The Alger Funds II; and

WHEREAS, Redwood and the Adviser desire to update Schedule I of the Agreement;

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

 

REDWOOD INVESTMENTS, LLC						FRED ALGER MANAGEMENT, LLC
By:		/s/ Tina Payne				By:		/s/ Tina Payne
Name:		Tina Payne				Name:		Tina Payne
Title:		Chief Compliance Officer				Title:		SVP, General Counsel, CCO, Assistant Secretary

SCHEDULE I

 

Name of Series		Annual Fee		Reapproval Date		Reapproval Day
Alger International Opportunities Fund, a series of The Alger Funds		Amount equal to 100% of management fee paid by Series to Adviser with respect to the sub-advised assets		September 18, 2025		October 31
Alger International Small Cap Fund, a series of The Alger Funds		Amount equal to 100% of management fee paid by Series to Adviser with respect to the sub-advised assets		September 30, 2026		October 31
Alger Emerging Markets Fund, a series of The Alger Funds II		Amount equal to 100% of management fee paid by Series to Adviser with respect to the sub-advised assets		September 18, 2025		October 31
Alger Global Equity Fund		Amount equal to 100% of management fee paid by Series to Adviser with respect to the sub-advised assets		September 18, 2025		October 31