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  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_ck0001616668_FixedIncomeRiskExtensionRiskMember_label_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskExtensionRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Extension Risk Member</link:label>
    <link:label id="lab_ck0001616668_FixedIncomeRiskExtensionRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskExtensionRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Extension Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FixedIncomeRiskExtensionRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FixedIncomeRiskExtensionRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FixedIncomeRiskExtensionRiskMember" xlink:to="lab_ck0001616668_FixedIncomeRiskExtensionRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_ETFRisksCashRedemptionRiskMember_label_en-US" xlink:label="lab_ck0001616668_ETFRisksCashRedemptionRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks, Cash Redemption Risk Member</link:label>
    <link:label id="lab_ck0001616668_ETFRisksCashRedemptionRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_ETFRisksCashRedemptionRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks, Cash Redemption Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_ETFRisksCashRedemptionRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_ETFRisksCashRedemptionRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_ETFRisksCashRedemptionRiskMember" xlink:to="lab_ck0001616668_ETFRisksCashRedemptionRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_ETFRisksAuthorizedParticipantsAPsMarketMakersAndLiquidityProvidersConcentrationRiskMember_label_en-US" xlink:label="lab_ck0001616668_ETFRisksAuthorizedParticipantsAPsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks, Authorized Participants ("APs"), Market Makers, And Liquidity Providers Concentration Risk Member</link:label>
    <link:label id="lab_ck0001616668_ETFRisksAuthorizedParticipantsAPsMarketMakersAndLiquidityProvidersConcentrationRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_ETFRisksAuthorizedParticipantsAPsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks, Authorized Participants ("APs"), Market Makers, And Liquidity Providers Concentration Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_ETFRisksAuthorizedParticipantsAPsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_ETFRisksAuthorizedParticipantsAPsMarketMakersAndLiquidityProvidersConcentrationRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_ETFRisksAuthorizedParticipantsAPsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:to="lab_ck0001616668_ETFRisksAuthorizedParticipantsAPsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_OtherInvestmentCompaniesRiskMember_label_en-US" xlink:label="lab_ck0001616668_OtherInvestmentCompaniesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Investment Companies Risk Member</link:label>
    <link:label id="lab_ck0001616668_OtherInvestmentCompaniesRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_OtherInvestmentCompaniesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Investment Companies Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_OtherInvestmentCompaniesRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_OtherInvestmentCompaniesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_OtherInvestmentCompaniesRiskMember" xlink:to="lab_ck0001616668_OtherInvestmentCompaniesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_S000101892Member_label_en-US" xlink:label="lab_ck0001616668_S000101892Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pacer Barings Secured Credit Flex ETF</link:label>
    <link:label id="lab_ck0001616668_S000101892Member_documentation_en-US" xlink:label="lab_ck0001616668_S000101892Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">S000101892 C000272256 Pacer Barings Secured Credit Flex ETF</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_S000101892Member" xlink:href="ck0001616668-20260528.xsd#ck0001616668_S000101892Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_S000101892Member" xlink:to="lab_ck0001616668_S000101892Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_ETFRisksTradingRiskMember_label_en-US" xlink:label="lab_ck0001616668_ETFRisksTradingRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks, Trading Risk Member</link:label>
    <link:label id="lab_ck0001616668_ETFRisksTradingRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_ETFRisksTradingRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks, Trading Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_ETFRisksTradingRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_ETFRisksTradingRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_ETFRisksTradingRiskMember" xlink:to="lab_ck0001616668_ETFRisksTradingRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_C000272255Member_label_en-US" xlink:label="lab_ck0001616668_C000272255Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pacer Barings CLO Market Flex ETF Class</link:label>
    <link:label id="lab_ck0001616668_C000272255Member_documentation_en-US" xlink:label="lab_ck0001616668_C000272255Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">S000101891 C000272255 Pacer Barings CLO Market Flex ETF</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_C000272255Member" xlink:href="ck0001616668-20260528.xsd#ck0001616668_C000272255Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_C000272255Member" xlink:to="lab_ck0001616668_C000272255Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_S000101891Member_label_en-US" xlink:label="lab_ck0001616668_S000101891Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pacer Barings CLO Market Flex ETF</link:label>
    <link:label id="lab_ck0001616668_S000101891Member_documentation_en-US" xlink:label="lab_ck0001616668_S000101891Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">S000101891 C000272255 Pacer Barings CLO Market Flex ETF</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_S000101891Member" xlink:href="ck0001616668-20260528.xsd#ck0001616668_S000101891Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_S000101891Member" xlink:to="lab_ck0001616668_S000101891Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_CLORiskBankLoansRiskMember_label_en-US" xlink:label="lab_ck0001616668_CLORiskBankLoansRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CLO Risk, Bank Loans Risk Member</link:label>
    <link:label id="lab_ck0001616668_CLORiskBankLoansRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_CLORiskBankLoansRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CLO Risk, Bank Loans Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_CLORiskBankLoansRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_CLORiskBankLoansRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_CLORiskBankLoansRiskMember" xlink:to="lab_ck0001616668_CLORiskBankLoansRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_ETFRisksSharesOfTheFundMayTradeAtPricesOtherThanNAVRiskMember_label_en-US" xlink:label="lab_ck0001616668_ETFRisksSharesOfTheFundMayTradeAtPricesOtherThanNAVRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks, Shares Of The Fund May Trade At Prices Other Than NAV Risk Member</link:label>
    <link:label id="lab_ck0001616668_ETFRisksSharesOfTheFundMayTradeAtPricesOtherThanNAVRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_ETFRisksSharesOfTheFundMayTradeAtPricesOtherThanNAVRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks, Shares Of The Fund May Trade At Prices Other Than NAV Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_ETFRisksSharesOfTheFundMayTradeAtPricesOtherThanNAVRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_ETFRisksSharesOfTheFundMayTradeAtPricesOtherThanNAVRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_ETFRisksSharesOfTheFundMayTradeAtPricesOtherThanNAVRiskMember" xlink:to="lab_ck0001616668_ETFRisksSharesOfTheFundMayTradeAtPricesOtherThanNAVRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_ETFRisksMember_label_en-US" xlink:label="lab_ck0001616668_ETFRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks Member</link:label>
    <link:label id="lab_ck0001616668_ETFRisksMember_documentation_en-US" xlink:label="lab_ck0001616668_ETFRisksMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_ETFRisksMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_ETFRisksMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_ETFRisksMember" xlink:to="lab_ck0001616668_ETFRisksMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_PrivatelyIssuedSecuritiesRiskMember_label_en-US" xlink:label="lab_ck0001616668_PrivatelyIssuedSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Privately Issued Securities Risk Member</link:label>
    <link:label id="lab_ck0001616668_PrivatelyIssuedSecuritiesRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_PrivatelyIssuedSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Privately Issued Securities Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_PrivatelyIssuedSecuritiesRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_PrivatelyIssuedSecuritiesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_PrivatelyIssuedSecuritiesRiskMember" xlink:to="lab_ck0001616668_PrivatelyIssuedSecuritiesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_MarketRiskMember_label_en-US" xlink:label="lab_ck0001616668_MarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market Risk Member</link:label>
    <link:label id="lab_ck0001616668_MarketRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_MarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_MarketRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_MarketRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_MarketRiskMember" xlink:to="lab_ck0001616668_MarketRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_ForeignSecuritiesRiskMember_label_en-US" xlink:label="lab_ck0001616668_ForeignSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Securities Risk Member</link:label>
    <link:label id="lab_ck0001616668_ForeignSecuritiesRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_ForeignSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign Securities Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_ForeignSecuritiesRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_ForeignSecuritiesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_ForeignSecuritiesRiskMember" xlink:to="lab_ck0001616668_ForeignSecuritiesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_CLORiskPrivatelyIssuedSecuritiesRiskMember_label_en-US" xlink:label="lab_ck0001616668_CLORiskPrivatelyIssuedSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CLO Risk, Privately Issued Securities Risk Member</link:label>
    <link:label id="lab_ck0001616668_CLORiskPrivatelyIssuedSecuritiesRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_CLORiskPrivatelyIssuedSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CLO Risk, Privately Issued Securities Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_CLORiskPrivatelyIssuedSecuritiesRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_CLORiskPrivatelyIssuedSecuritiesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_CLORiskPrivatelyIssuedSecuritiesRiskMember" xlink:to="lab_ck0001616668_CLORiskPrivatelyIssuedSecuritiesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_FloatingRateLoanRiskCovenantLiteLoanRiskMember_label_en-US" xlink:label="lab_ck0001616668_FloatingRateLoanRiskCovenantLiteLoanRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Floating Rate Loan Risk, Covenant-Lite Loan Risk Member</link:label>
    <link:label id="lab_ck0001616668_FloatingRateLoanRiskCovenantLiteLoanRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FloatingRateLoanRiskCovenantLiteLoanRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Floating Rate Loan Risk, Covenant-Lite Loan Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FloatingRateLoanRiskCovenantLiteLoanRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FloatingRateLoanRiskCovenantLiteLoanRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FloatingRateLoanRiskCovenantLiteLoanRiskMember" xlink:to="lab_ck0001616668_FloatingRateLoanRiskCovenantLiteLoanRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_ETFRisksCostsOfBuyingOrSellingSharesOfTheFundRiskMember_label_en-US" xlink:label="lab_ck0001616668_ETFRisksCostsOfBuyingOrSellingSharesOfTheFundRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks, Costs Of Buying Or Selling Shares Of The Fund Risk Member</link:label>
    <link:label id="lab_ck0001616668_ETFRisksCostsOfBuyingOrSellingSharesOfTheFundRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_ETFRisksCostsOfBuyingOrSellingSharesOfTheFundRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks, Costs Of Buying Or Selling Shares Of The Fund Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_ETFRisksCostsOfBuyingOrSellingSharesOfTheFundRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_ETFRisksCostsOfBuyingOrSellingSharesOfTheFundRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_ETFRisksCostsOfBuyingOrSellingSharesOfTheFundRiskMember" xlink:to="lab_ck0001616668_ETFRisksCostsOfBuyingOrSellingSharesOfTheFundRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_ZeroCouponRiskMember_label_en-US" xlink:label="lab_ck0001616668_ZeroCouponRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Zero Coupon Risk Member</link:label>
    <link:label id="lab_ck0001616668_ZeroCouponRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_ZeroCouponRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Zero Coupon Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_ZeroCouponRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_ZeroCouponRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_ZeroCouponRiskMember" xlink:to="lab_ck0001616668_ZeroCouponRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_HighYieldSecuritiesRiskMember_label_en-US" xlink:label="lab_ck0001616668_HighYieldSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">High Yield Securities Risk Member</link:label>
    <link:label id="lab_ck0001616668_HighYieldSecuritiesRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_HighYieldSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">High Yield Securities Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_HighYieldSecuritiesRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_HighYieldSecuritiesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_HighYieldSecuritiesRiskMember" xlink:to="lab_ck0001616668_HighYieldSecuritiesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_FloatingRateLoanRiskLoanParticipationRiskMember_label_en-US" xlink:label="lab_ck0001616668_FloatingRateLoanRiskLoanParticipationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Floating Rate Loan Risk, Loan Participation Risk Member</link:label>
    <link:label id="lab_ck0001616668_FloatingRateLoanRiskLoanParticipationRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FloatingRateLoanRiskLoanParticipationRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Floating Rate Loan Risk, Loan Participation Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FloatingRateLoanRiskLoanParticipationRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FloatingRateLoanRiskLoanParticipationRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FloatingRateLoanRiskLoanParticipationRiskMember" xlink:to="lab_ck0001616668_FloatingRateLoanRiskLoanParticipationRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_FloatingRateLoanRiskMember_label_en-US" xlink:label="lab_ck0001616668_FloatingRateLoanRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Floating Rate Loan Risk Member</link:label>
    <link:label id="lab_ck0001616668_FloatingRateLoanRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FloatingRateLoanRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Floating Rate Loan Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FloatingRateLoanRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FloatingRateLoanRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FloatingRateLoanRiskMember" xlink:to="lab_ck0001616668_FloatingRateLoanRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_DerivativesRiskMember_label_en-US" xlink:label="lab_ck0001616668_DerivativesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives Risk Member</link:label>
    <link:label id="lab_ck0001616668_DerivativesRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_DerivativesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivatives Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_DerivativesRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_DerivativesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_DerivativesRiskMember" xlink:to="lab_ck0001616668_DerivativesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_FixedIncomeRiskMember_label_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Income Risk Member</link:label>
    <link:label id="lab_ck0001616668_FixedIncomeRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fixed Income Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FixedIncomeRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FixedIncomeRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FixedIncomeRiskMember" xlink:to="lab_ck0001616668_FixedIncomeRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_CLORiskExtendedSettlementRiskMember_label_en-US" xlink:label="lab_ck0001616668_CLORiskExtendedSettlementRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CLO Risk, Extended Settlement Risk Member</link:label>
    <link:label id="lab_ck0001616668_CLORiskExtendedSettlementRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_CLORiskExtendedSettlementRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CLO Risk, Extended Settlement Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_CLORiskExtendedSettlementRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_CLORiskExtendedSettlementRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_CLORiskExtendedSettlementRiskMember" xlink:to="lab_ck0001616668_CLORiskExtendedSettlementRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_CurrencyExchangeRateRiskMember_label_en-US" xlink:label="lab_ck0001616668_CurrencyExchangeRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency Exchange Rate Risk Member</link:label>
    <link:label id="lab_ck0001616668_CurrencyExchangeRateRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_CurrencyExchangeRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Currency Exchange Rate Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_CurrencyExchangeRateRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_CurrencyExchangeRateRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_CurrencyExchangeRateRiskMember" xlink:to="lab_ck0001616668_CurrencyExchangeRateRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_FuturesContractsRiskMember_label_en-US" xlink:label="lab_ck0001616668_FuturesContractsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Futures Contracts Risk Member</link:label>
    <link:label id="lab_ck0001616668_FuturesContractsRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FuturesContractsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Futures Contracts Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FuturesContractsRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FuturesContractsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FuturesContractsRiskMember" xlink:to="lab_ck0001616668_FuturesContractsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_ManagementRiskMember_label_en-US" xlink:label="lab_ck0001616668_ManagementRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management Risk Member</link:label>
    <link:label id="lab_ck0001616668_ManagementRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_ManagementRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Management Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_ManagementRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_ManagementRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_ManagementRiskMember" xlink:to="lab_ck0001616668_ManagementRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_NewFundRiskMember_label_en-US" xlink:label="lab_ck0001616668_NewFundRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Fund Risk Member</link:label>
    <link:label id="lab_ck0001616668_NewFundRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_NewFundRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Fund Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_NewFundRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_NewFundRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_NewFundRiskMember" xlink:to="lab_ck0001616668_NewFundRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_CLORiskMember_label_en-US" xlink:label="lab_ck0001616668_CLORiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CLO Risk Member</link:label>
    <link:label id="lab_ck0001616668_CLORiskMember_documentation_en-US" xlink:label="lab_ck0001616668_CLORiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CLO Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_CLORiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_CLORiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_CLORiskMember" xlink:to="lab_ck0001616668_CLORiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_LiquidityRiskMember_label_en-US" xlink:label="lab_ck0001616668_LiquidityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liquidity Risk Member</link:label>
    <link:label id="lab_ck0001616668_LiquidityRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_LiquidityRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liquidity Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_LiquidityRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_LiquidityRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_LiquidityRiskMember" xlink:to="lab_ck0001616668_LiquidityRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_FixedIncomeRiskInterestRateRiskMember_label_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskInterestRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Interest Rate Risk Member</link:label>
    <link:label id="lab_ck0001616668_FixedIncomeRiskInterestRateRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskInterestRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Interest Rate Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FixedIncomeRiskInterestRateRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FixedIncomeRiskInterestRateRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FixedIncomeRiskInterestRateRiskMember" xlink:to="lab_ck0001616668_FixedIncomeRiskInterestRateRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_FixedIncomeRiskCallRiskMember_label_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskCallRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Call Risk Member</link:label>
    <link:label id="lab_ck0001616668_FixedIncomeRiskCallRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskCallRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Call Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FixedIncomeRiskCallRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FixedIncomeRiskCallRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FixedIncomeRiskCallRiskMember" xlink:to="lab_ck0001616668_FixedIncomeRiskCallRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_CLORiskCLOManagerRiskMember_label_en-US" xlink:label="lab_ck0001616668_CLORiskCLOManagerRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CLO Risk, CLO Manager Risk Member</link:label>
    <link:label id="lab_ck0001616668_CLORiskCLOManagerRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_CLORiskCLOManagerRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CLO Risk, CLO Manager Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_CLORiskCLOManagerRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_CLORiskCLOManagerRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_CLORiskCLOManagerRiskMember" xlink:to="lab_ck0001616668_CLORiskCLOManagerRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_HybridSecuritiesRiskMember_label_en-US" xlink:label="lab_ck0001616668_HybridSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hybrid Securities Risk Member</link:label>
    <link:label id="lab_ck0001616668_HybridSecuritiesRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_HybridSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hybrid Securities Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_HybridSecuritiesRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_HybridSecuritiesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_HybridSecuritiesRiskMember" xlink:to="lab_ck0001616668_HybridSecuritiesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_FixedIncomeRiskCreditRiskMember_label_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskCreditRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Credit Risk Member</link:label>
    <link:label id="lab_ck0001616668_FixedIncomeRiskCreditRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskCreditRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Credit Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FixedIncomeRiskCreditRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FixedIncomeRiskCreditRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FixedIncomeRiskCreditRiskMember" xlink:to="lab_ck0001616668_FixedIncomeRiskCreditRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_C000272256Member_label_en-US" xlink:label="lab_ck0001616668_C000272256Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pacer Barings Secured Credit Flex ETF Class</link:label>
    <link:label id="lab_ck0001616668_C000272256Member_documentation_en-US" xlink:label="lab_ck0001616668_C000272256Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">S000101892 C000272256 Pacer Barings Secured Credit Flex ETF</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_C000272256Member" xlink:href="ck0001616668-20260528.xsd#ck0001616668_C000272256Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_C000272256Member" xlink:to="lab_ck0001616668_C000272256Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_ForwardCurrencyContractsRiskMember_label_en-US" xlink:label="lab_ck0001616668_ForwardCurrencyContractsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Currency Contracts Risk Member</link:label>
    <link:label id="lab_ck0001616668_ForwardCurrencyContractsRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_ForwardCurrencyContractsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Forward Currency Contracts Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_ForwardCurrencyContractsRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_ForwardCurrencyContractsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_ForwardCurrencyContractsRiskMember" xlink:to="lab_ck0001616668_ForwardCurrencyContractsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_FloatingRateLoanRiskSeniorLoansRiskMember_label_en-US" xlink:label="lab_ck0001616668_FloatingRateLoanRiskSeniorLoansRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Floating Rate Loan Risk, Senior Loans Risk Member</link:label>
    <link:label id="lab_ck0001616668_FloatingRateLoanRiskSeniorLoansRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FloatingRateLoanRiskSeniorLoansRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Floating Rate Loan Risk, Senior Loans Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FloatingRateLoanRiskSeniorLoansRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FloatingRateLoanRiskSeniorLoansRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FloatingRateLoanRiskSeniorLoansRiskMember" xlink:to="lab_ck0001616668_FloatingRateLoanRiskSeniorLoansRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_FixedIncomeRiskPrepaymentRiskMember_label_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskPrepaymentRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Prepayment Risk Member</link:label>
    <link:label id="lab_ck0001616668_FixedIncomeRiskPrepaymentRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskPrepaymentRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Prepayment Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FixedIncomeRiskPrepaymentRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FixedIncomeRiskPrepaymentRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FixedIncomeRiskPrepaymentRiskMember" xlink:to="lab_ck0001616668_FixedIncomeRiskPrepaymentRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_FixedIncomeRiskEventRiskMember_label_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskEventRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Event Risk Member</link:label>
    <link:label id="lab_ck0001616668_FixedIncomeRiskEventRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_FixedIncomeRiskEventRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fixed Income Risk, Event Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_FixedIncomeRiskEventRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_FixedIncomeRiskEventRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_FixedIncomeRiskEventRiskMember" xlink:to="lab_ck0001616668_FixedIncomeRiskEventRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001616668_EquityMarketRiskMember_label_en-US" xlink:label="lab_ck0001616668_EquityMarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Market Risk Member</link:label>
    <link:label id="lab_ck0001616668_EquityMarketRiskMember_documentation_en-US" xlink:label="lab_ck0001616668_EquityMarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity Market Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001616668_EquityMarketRiskMember" xlink:href="ck0001616668-20260528.xsd#ck0001616668_EquityMarketRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001616668_EquityMarketRiskMember" xlink:to="lab_ck0001616668_EquityMarketRiskMember" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
