MANAGEMENT AGREEMENT

Rational Advisors, Inc.

Exhibit

Dated: June 23, 2016

Fund	Percentage of Daily Net Assets
Ecological Strategy ETF	0.60%
US Equity Rotation Strategy STF	0.60%
Active Alts Contrarian ETF	0.10%*

* Subject to an annual minimum fee of $50,000

STRATEGY SHARES

By:   /s/ Tobias Caldwell       

Print Name:  Tobias Caldwell

Title:  Trustee

RATIONAL ADVISORS, INC.

By:  /s/ Jerry Szilagyi       

Print Name:  Jerry Szilagyi

Title:  President