FRTY Stock, Alger Mid Cap 40 ETF Information

Alger Mid Cap 40 ETF seeks long-term capital appreciation. Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of mid-cap companies. For thesepurposes, mid-cap companies are those companies that, at the time of purchase of the securities, have total marketcapitalization within the range of (i) companies included in the Russell MidCap Growth Index or the S&P MidCap 400 Index, asreported by the index at the most recent quarter end, or (ii) $1 billion to $30 billion. Both indexes are designed to track theperformance of medium-capitalization stocks. At December 31, 2020, the companies in the Russell MidCap Growth Index rangedfrom $623 million to $59.7 billion and the companies in the S&P MidCap 400 Index ranged from $1.47 billion to $22.2 billion.