<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.5a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_S000010456Member" xlink:label="wsacf_S000010456Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_S000010456Member" xlink:to="wsacf_S000010456Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_S000010456Member_lbl" xml:lang="en-US">Wellington Shields All-Cap Fund</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_C000028882Member" xlink:label="wsacf_C000028882Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_C000028882Member" xlink:to="wsacf_C000028882Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_C000028882Member_lbl" xml:lang="en-US">Institutional Shares</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_MarketRiskMember" xlink:label="wsacf_MarketRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_MarketRiskMember" xlink:to="wsacf_MarketRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_MarketRiskMember_lbl" xml:lang="en-US">Market Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_RisksRelatedToOtherEquitySecuritiesMember" xlink:label="wsacf_RisksRelatedToOtherEquitySecuritiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_RisksRelatedToOtherEquitySecuritiesMember" xlink:to="wsacf_RisksRelatedToOtherEquitySecuritiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_RisksRelatedToOtherEquitySecuritiesMember_lbl" xml:lang="en-US">Risks Related to Other Equity Securities</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_LargeCapSecuritiesRiskMember" xlink:label="wsacf_LargeCapSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_LargeCapSecuritiesRiskMember" xlink:to="wsacf_LargeCapSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_LargeCapSecuritiesRiskMember_lbl" xml:lang="en-US">Large-Cap Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_MidCapSecuritiesRiskMember" xlink:label="wsacf_MidCapSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_MidCapSecuritiesRiskMember" xlink:to="wsacf_MidCapSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_MidCapSecuritiesRiskMember_lbl" xml:lang="en-US">Mid-Cap Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_SmallCapSecuritiesRiskMember" xlink:label="wsacf_SmallCapSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_SmallCapSecuritiesRiskMember" xlink:to="wsacf_SmallCapSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_SmallCapSecuritiesRiskMember_lbl" xml:lang="en-US">Small-Cap Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_PortfolioManagementRiskMember" xlink:label="wsacf_PortfolioManagementRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_PortfolioManagementRiskMember" xlink:to="wsacf_PortfolioManagementRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_PortfolioManagementRiskMember_lbl" xml:lang="en-US">Portfolio Management Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_DerivativeInstrumentsRiskMember" xlink:label="wsacf_DerivativeInstrumentsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_DerivativeInstrumentsRiskMember" xlink:to="wsacf_DerivativeInstrumentsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_DerivativeInstrumentsRiskMember_lbl" xml:lang="en-US">Derivative Instruments Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_ShortSalesRiskMember" xlink:label="wsacf_ShortSalesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_ShortSalesRiskMember" xlink:to="wsacf_ShortSalesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_ShortSalesRiskMember_lbl" xml:lang="en-US">Short Sales Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_SharesOfOtherInvestmentCompaniesAndETFRiskMember" xlink:label="wsacf_SharesOfOtherInvestmentCompaniesAndETFRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_SharesOfOtherInvestmentCompaniesAndETFRiskMember" xlink:to="wsacf_SharesOfOtherInvestmentCompaniesAndETFRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_SharesOfOtherInvestmentCompaniesAndETFRiskMember_lbl" xml:lang="en-US">Shares of Other Investment Companies and ETF Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_Index1Member" xlink:label="wsacf_Index1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_Index1Member" xlink:to="wsacf_Index1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_Index1Member_lbl" xml:lang="en-US">Russell 1000 Index (reflects no deduction for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="wsacf-20260327.xsd#wsacf_Index2Member" xlink:label="wsacf_Index2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="wsacf_Index2Member" xlink:to="wsacf_Index2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="wsacf_Index2Member_lbl" xml:lang="en-US">S&amp;P 500 Index (reflects no deduction for fees, expenses or taxes)</link:label>
    </link:labelLink>
</link:linkbase>
