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    <link:label xlink:type="resource" xlink:label="label_tsr_C000112921Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class I - C000112921</link:label>
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    <link:label xlink:type="resource" xlink:label="label_tsr_C000112922Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class IS - C000112922</link:label>
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    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6037Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:1Class A-Bloomberg Global Aggregate Index_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202412245077_6037Member" xlink:to="label_tsr_bench202412245077_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6037Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Bloomberg Global Aggregate Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_benchmarkBMLM0317_6037Member" xlink:label="benchmarkBMLM0317_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6037Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:2Class A-FTSE World Government Bond Index</link:label>
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    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6037Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">FTSE World Government Bond Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284131_6037Member" xlink:label="bench202410284131_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6037Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:4Class A-Sovereign Bonds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284131_6037Member" xlink:to="label_tsr_bench202410284131_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6037Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Sovereign Bonds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284130_6037Member" xlink:label="bench202410284130_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6037Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:5Class A-U.S. Government &amp; Agency Obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284130_6037Member" xlink:to="label_tsr_bench202410284130_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6037Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">U.S. Government &amp; Agency Obligations [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284128_6037Member" xlink:label="bench202410284128_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6037Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:6Class A-Mortgage-Backed Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284128_6037Member" xlink:to="label_tsr_bench202410284128_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6037Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Mortgage-Backed Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284127_6037Member" xlink:label="bench202410284127_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6037Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:7Class A-Corporate Bonds &amp; Notes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284127_6037Member" xlink:to="label_tsr_bench202410284127_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6037Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Corporate Bonds &amp; Notes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202408273938_6037Member" xlink:label="bench202408273938_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6037Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:8Class A-Short-Term Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408273938_6037Member" xlink:to="label_tsr_bench202408273938_6037Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6037Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202412245077_6039Member" xlink:label="bench202412245077_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6039Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:9Class C-Bloomberg Global Aggregate Index_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202412245077_6039Member" xlink:to="label_tsr_bench202412245077_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6039Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Bloomberg Global Aggregate Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_benchmarkBMLM0317_6039Member" xlink:label="benchmarkBMLM0317_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6039Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:10Class C-FTSE World Government Bond Index</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMLM0317_6039Member" xlink:to="label_tsr_benchmarkBMLM0317_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6039Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">FTSE World Government Bond Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284131_6039Member" xlink:label="bench202410284131_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6039Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:12Class C-Sovereign Bonds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284131_6039Member" xlink:to="label_tsr_bench202410284131_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6039Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Sovereign Bonds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284130_6039Member" xlink:label="bench202410284130_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6039Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:13Class C-U.S. Government &amp; Agency Obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284130_6039Member" xlink:to="label_tsr_bench202410284130_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6039Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">U.S. Government &amp; Agency Obligations [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284128_6039Member" xlink:label="bench202410284128_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6039Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:14Class C-Mortgage-Backed Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284128_6039Member" xlink:to="label_tsr_bench202410284128_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6039Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Mortgage-Backed Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284127_6039Member" xlink:label="bench202410284127_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6039Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:15Class C-Corporate Bonds &amp; Notes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284127_6039Member" xlink:to="label_tsr_bench202410284127_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6039Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Corporate Bonds &amp; Notes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202408273938_6039Member" xlink:label="bench202408273938_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6039Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:16Class C-Short-Term Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408273938_6039Member" xlink:to="label_tsr_bench202408273938_6039Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6039Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202412245077_6038Member" xlink:label="bench202412245077_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6038Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:17Class C1-Bloomberg Global Aggregate Index_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202412245077_6038Member" xlink:to="label_tsr_bench202412245077_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6038Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Bloomberg Global Aggregate Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_benchmarkBMLM0317_6038Member" xlink:label="benchmarkBMLM0317_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6038Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:18Class C1-FTSE World Government Bond Index</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMLM0317_6038Member" xlink:to="label_tsr_benchmarkBMLM0317_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6038Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">FTSE World Government Bond Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284131_6038Member" xlink:label="bench202410284131_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6038Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:20Class C1-Sovereign Bonds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284131_6038Member" xlink:to="label_tsr_bench202410284131_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6038Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Sovereign Bonds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284130_6038Member" xlink:label="bench202410284130_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6038Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:21Class C1-U.S. Government &amp; Agency Obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284130_6038Member" xlink:to="label_tsr_bench202410284130_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6038Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">U.S. Government &amp; Agency Obligations [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284128_6038Member" xlink:label="bench202410284128_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6038Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:22Class C1-Mortgage-Backed Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284128_6038Member" xlink:to="label_tsr_bench202410284128_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6038Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Mortgage-Backed Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284127_6038Member" xlink:label="bench202410284127_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6038Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:23Class C1-Corporate Bonds &amp; Notes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284127_6038Member" xlink:to="label_tsr_bench202410284127_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6038Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Corporate Bonds &amp; Notes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202408273938_6038Member" xlink:label="bench202408273938_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6038Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:24Class C1-Short-Term Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408273938_6038Member" xlink:to="label_tsr_bench202408273938_6038Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6038Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202412245077_6040Member" xlink:label="bench202412245077_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6040Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:25Class FI-Bloomberg Global Aggregate Index_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202412245077_6040Member" xlink:to="label_tsr_bench202412245077_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6040Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Bloomberg Global Aggregate Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_benchmarkBMLM0317_6040Member" xlink:label="benchmarkBMLM0317_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6040Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:26Class FI-FTSE World Government Bond Index</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMLM0317_6040Member" xlink:to="label_tsr_benchmarkBMLM0317_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6040Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">FTSE World Government Bond Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284131_6040Member" xlink:label="bench202410284131_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6040Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:27Class FI-Sovereign Bonds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284131_6040Member" xlink:to="label_tsr_bench202410284131_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6040Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Sovereign Bonds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284130_6040Member" xlink:label="bench202410284130_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6040Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:28Class FI-U.S. Government &amp; Agency Obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284130_6040Member" xlink:to="label_tsr_bench202410284130_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6040Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">U.S. Government &amp; Agency Obligations [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284128_6040Member" xlink:label="bench202410284128_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6040Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:29Class FI-Mortgage-Backed Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284128_6040Member" xlink:to="label_tsr_bench202410284128_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6040Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Mortgage-Backed Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284127_6040Member" xlink:label="bench202410284127_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6040Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:30Class FI-Corporate Bonds &amp; Notes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284127_6040Member" xlink:to="label_tsr_bench202410284127_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6040Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Corporate Bonds &amp; Notes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202408273938_6040Member" xlink:label="bench202408273938_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6040Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:31Class FI-Short-Term Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408273938_6040Member" xlink:to="label_tsr_bench202408273938_6040Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6040Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202412245077_6043Member" xlink:label="bench202412245077_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6043Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:32Class R-Bloomberg Global Aggregate Index_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202412245077_6043Member" xlink:to="label_tsr_bench202412245077_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6043Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Bloomberg Global Aggregate Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_benchmarkBMLM0317_6043Member" xlink:label="benchmarkBMLM0317_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6043Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:33Class R-FTSE World Government Bond Index</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMLM0317_6043Member" xlink:to="label_tsr_benchmarkBMLM0317_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6043Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">FTSE World Government Bond Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284131_6043Member" xlink:label="bench202410284131_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6043Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:34Class R-Sovereign Bonds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284131_6043Member" xlink:to="label_tsr_bench202410284131_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6043Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Sovereign Bonds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284130_6043Member" xlink:label="bench202410284130_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6043Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:35Class R-U.S. Government &amp; Agency Obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284130_6043Member" xlink:to="label_tsr_bench202410284130_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6043Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">U.S. Government &amp; Agency Obligations [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284128_6043Member" xlink:label="bench202410284128_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6043Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:36Class R-Mortgage-Backed Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284128_6043Member" xlink:to="label_tsr_bench202410284128_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6043Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Mortgage-Backed Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284127_6043Member" xlink:label="bench202410284127_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6043Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:37Class R-Corporate Bonds &amp; Notes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284127_6043Member" xlink:to="label_tsr_bench202410284127_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6043Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Corporate Bonds &amp; Notes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202408273938_6043Member" xlink:label="bench202408273938_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6043Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:38Class R-Short-Term Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408273938_6043Member" xlink:to="label_tsr_bench202408273938_6043Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6043Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202412245077_6042Member" xlink:label="bench202412245077_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6042Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:39Class I-Bloomberg Global Aggregate Index_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202412245077_6042Member" xlink:to="label_tsr_bench202412245077_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6042Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Bloomberg Global Aggregate Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_benchmarkBMLM0317_6042Member" xlink:label="benchmarkBMLM0317_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6042Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:40Class I-FTSE World Government Bond Index</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMLM0317_6042Member" xlink:to="label_tsr_benchmarkBMLM0317_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6042Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">FTSE World Government Bond Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284131_6042Member" xlink:label="bench202410284131_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6042Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:41Class I-Sovereign Bonds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284131_6042Member" xlink:to="label_tsr_bench202410284131_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284131_6042Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Sovereign Bonds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284130_6042Member" xlink:label="bench202410284130_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6042Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:42Class I-U.S. Government &amp; Agency Obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284130_6042Member" xlink:to="label_tsr_bench202410284130_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284130_6042Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">U.S. Government &amp; Agency Obligations [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284128_6042Member" xlink:label="bench202410284128_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6042Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:43Class I-Mortgage-Backed Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284128_6042Member" xlink:to="label_tsr_bench202410284128_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284128_6042Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Mortgage-Backed Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284127_6042Member" xlink:label="bench202410284127_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6042Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:44Class I-Corporate Bonds &amp; Notes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284127_6042Member" xlink:to="label_tsr_bench202410284127_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284127_6042Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Corporate Bonds &amp; Notes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202408273938_6042Member" xlink:label="bench202408273938_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6042Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Largest Holding:45Class I-Short-Term Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408273938_6042Member" xlink:to="label_tsr_bench202408273938_6042Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408273938_6042Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202412245077_6041Member" xlink:label="bench202412245077_6041Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6041Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:46Class IS-Bloomberg Global Aggregate Index_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202412245077_6041Member" xlink:to="label_tsr_bench202412245077_6041Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202412245077_6041Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Bloomberg Global Aggregate Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_benchmarkBMLM0317_6041Member" xlink:label="benchmarkBMLM0317_6041Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6041Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:47Class IS-FTSE World Government Bond Index</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMLM0317_6041Member" xlink:to="label_tsr_benchmarkBMLM0317_6041Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMLM0317_6041Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">FTSE World Government Bond Index [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20251231.xsd#tsr_bench202410284131_6041Member" xlink:label="bench202410284131_6041Member"/>
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    <link:label xlink:type="resource" xlink:label="label_ConvertibleDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Convertible Debt Securities [Member]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_CorporateDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Corporate Debt Securities [Member]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_SecuritiesInvestmentMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Securities Investment</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAggregatedInvestmentsMember" xlink:to="label_OtherAggregatedInvestmentsMember" priority="1"/>
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    <link:label xlink:type="resource" xlink:label="label_RealEstateSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Real Estate Sector [Member]</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StandardPoors500IndexMember" xlink:to="label_StandardPoors500IndexMember" priority="1"/>
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    <link:label xlink:type="resource" xlink:label="label_EquitySecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Equity Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquitySecuritiesMember" xlink:to="label_EquitySecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_EquitySecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Equity Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquitySecuritiesMember" xlink:to="label_EquitySecuritiesMember_3" priority="1"/>
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    <link:label xlink:type="resource" xlink:label="label_DowJonesIndustrialAverageMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Dow Jones Industrial Average [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DowJonesIndustrialAverageMember" xlink:to="label_DowJonesIndustrialAverageMember" priority="1"/>
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    <link:label xlink:type="resource" xlink:label="label_AutomotiveSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Automotive Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AutomotiveSectorMember" xlink:to="label_AutomotiveSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_AutomotiveSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Automotive Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AutomotiveSectorMember" xlink:to="label_AutomotiveSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_TransportationSectorMember" xlink:label="TransportationSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_TransportationSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Transportation Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportationSectorMember" xlink:to="label_TransportationSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_TransportationSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Transportation Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportationSectorMember" xlink:to="label_TransportationSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AerospaceSectorMember" xlink:label="AerospaceSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_AerospaceSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Aerospace Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AerospaceSectorMember" xlink:to="label_AerospaceSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_AerospaceSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Aerospace Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AerospaceSectorMember" xlink:to="label_AerospaceSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ConsumerSectorMember" xlink:label="ConsumerSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_ConsumerSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Consumer Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsumerSectorMember" xlink:to="label_ConsumerSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_ConsumerSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Consumer Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsumerSectorMember" xlink:to="label_ConsumerSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ChemicalsSectorMember" xlink:label="ChemicalsSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_ChemicalsSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Chemicals Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChemicalsSectorMember" xlink:to="label_ChemicalsSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_ChemicalsSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Chemicals Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChemicalsSectorMember" xlink:to="label_ChemicalsSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InsuranceSectorMember" xlink:label="InsuranceSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_InsuranceSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Insurance Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceSectorMember" xlink:to="label_InsuranceSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_InsuranceSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Insurance Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceSectorMember" xlink:to="label_InsuranceSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashMember" xlink:label="CashMember"/>
    <link:label xlink:type="resource" xlink:label="label_CashMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Cash [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashMember" xlink:to="label_CashMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_CashMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Cash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashMember" xlink:to="label_CashMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="AssetBackedSecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_AssetBackedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Asset Backed Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetBackedSecuritiesMember" xlink:to="label_AssetBackedSecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_AssetBackedSecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Asset Backed Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetBackedSecuritiesMember" xlink:to="label_AssetBackedSecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ContainerAndPackagingSectorMember" xlink:label="ContainerAndPackagingSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_ContainerAndPackagingSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Container And PackagingSector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerAndPackagingSectorMember" xlink:to="label_ContainerAndPackagingSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_ContainerAndPackagingSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Container And PackagingSector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerAndPackagingSectorMember" xlink:to="label_ContainerAndPackagingSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentTypeAxis" xlink:label="InvestmentTypeAxis"/>
    <link:label xlink:type="resource" xlink:label="label_InvestmentTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Investment Type [Axis]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_InvestmentTypeAxis_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Asset Class</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentTypeAxis" xlink:to="label_InvestmentTypeAxis_2" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_USTreasurySecuritiesMember" xlink:label="USTreasurySecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_USTreasurySecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">US Treasury Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USTreasurySecuritiesMember" xlink:to="label_USTreasurySecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_USTreasurySecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">US Treasury Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USTreasurySecuritiesMember" xlink:to="label_USTreasurySecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="MortgageBackedSecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_MortgageBackedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Mortgage Backed Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MortgageBackedSecuritiesMember" xlink:to="label_MortgageBackedSecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_MortgageBackedSecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Mortgage Backed Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MortgageBackedSecuritiesMember" xlink:to="label_MortgageBackedSecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="InvestmentTypeCategorizationMember"/>
    <link:label xlink:type="resource" xlink:label="label_InvestmentTypeCategorizationMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Investment Type Categorization [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentTypeCategorizationMember" xlink:to="label_InvestmentTypeCategorizationMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_InvestmentTypeCategorizationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Investment Type Categorization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentTypeCategorizationMember" xlink:to="label_InvestmentTypeCategorizationMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EntertainmentSectorMember" xlink:label="EntertainmentSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_EntertainmentSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Entertainment Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntertainmentSectorMember" xlink:to="label_EntertainmentSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_EntertainmentSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Entertainment Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntertainmentSectorMember" xlink:to="label_EntertainmentSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FoodAndBeverageSectorMember" xlink:label="FoodAndBeverageSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_FoodAndBeverageSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Food And Beverage Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FoodAndBeverageSectorMember" xlink:to="label_FoodAndBeverageSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_FoodAndBeverageSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Food And Beverage Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FoodAndBeverageSectorMember" xlink:to="label_FoodAndBeverageSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancialServicesSectorMember" xlink:label="FinancialServicesSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_FinancialServicesSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Financial Services Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialServicesSectorMember" xlink:to="label_FinancialServicesSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_FinancialServicesSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Financial Services Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialServicesSectorMember" xlink:to="label_FinancialServicesSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HealthcareSectorMember" xlink:label="HealthcareSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_HealthcareSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Healthcare Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HealthcareSectorMember" xlink:to="label_HealthcareSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_HealthcareSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Healthcare Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HealthcareSectorMember" xlink:to="label_HealthcareSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EnergySectorMember" xlink:label="EnergySectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_EnergySectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Energy Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergySectorMember" xlink:to="label_EnergySectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_EnergySectorMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Energy Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergySectorMember" xlink:to="label_EnergySectorMember_2" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_TechnologySectorMember" xlink:label="TechnologySectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_TechnologySectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Technology Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechnologySectorMember" xlink:to="label_TechnologySectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_TechnologySectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Technology Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechnologySectorMember" xlink:to="label_TechnologySectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GovernmentSectorMember" xlink:label="GovernmentSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_GovernmentSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Government Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GovernmentSectorMember" xlink:to="label_GovernmentSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_GovernmentSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Government Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GovernmentSectorMember" xlink:to="label_GovernmentSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_NoTradingSymbolFlag" xlink:label="NoTradingSymbolFlag" xlink:title="NoTradingSymbolFlag"/>
    <link:label xlink:type="resource" xlink:label="label_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoTradingSymbolFlag" xml:lang="en-US" id="label_NoTradingSymbolFlag">No Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoTradingSymbolFlag" xlink:to="label_NoTradingSymbolFlag" xlink:title="label: NoTradingSymbolFlag to label_NoTradingSymbolFlag"/>
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