<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com -->
<!-- Created: Thu Jun 18 21:10:59 UTC 2026 -->
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    <loc xlink:type="locator" xlink:label="nbef_S000105791Member" xlink:href="nbef-20250831.xsd#nbef_S000105791Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_S000105791Member_lbl" xml:lang="en-US">Custom Global Equity Allocation Fund</label>
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    <loc xlink:type="locator" xlink:label="nbef_C000276577Member" xlink:href="nbef-20250831.xsd#nbef_C000276577Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_C000276577Member_lbl" xml:lang="en-US">Class M</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_C000276577Member" xlink:to="nbef_C000276577Member_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_C000276578Member" xlink:href="nbef-20250831.xsd#nbef_C000276578Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_C000276578Member_lbl" xml:lang="en-US">Class P</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_C000276578Member" xlink:to="nbef_C000276578Member_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_ConvertibleSecuritiesRiskMember" xlink:href="nbef-20250831.xsd#nbef_ConvertibleSecuritiesRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_ConvertibleSecuritiesRiskMember_lbl" xml:lang="en-US">Convertible Securities Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_ConvertibleSecuritiesRiskMember" xlink:to="nbef_ConvertibleSecuritiesRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_CurrencyRiskMember" xlink:href="nbef-20250831.xsd#nbef_CurrencyRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_CurrencyRiskMember_lbl" xml:lang="en-US">Currency Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_CurrencyRiskMember" xlink:to="nbef_CurrencyRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_DepositaryReceiptsRiskMember" xlink:href="nbef-20250831.xsd#nbef_DepositaryReceiptsRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_DepositaryReceiptsRiskMember_lbl" xml:lang="en-US">Depositary Receipts Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_DepositaryReceiptsRiskMember" xlink:to="nbef_DepositaryReceiptsRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_DerivativesRiskMember" xlink:href="nbef-20250831.xsd#nbef_DerivativesRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_DerivativesRiskMember_lbl" xml:lang="en-US">Derivatives Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_DerivativesRiskMember" xlink:to="nbef_DerivativesRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_ForeignAndEmergingMarketRiskMember" xlink:href="nbef-20250831.xsd#nbef_ForeignAndEmergingMarketRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_ForeignAndEmergingMarketRiskMember_lbl" xml:lang="en-US">Foreign and Emerging Market Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_ForeignAndEmergingMarketRiskMember" xlink:to="nbef_ForeignAndEmergingMarketRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_FrontierMarketsRiskMember" xlink:href="nbef-20250831.xsd#nbef_FrontierMarketsRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_FrontierMarketsRiskMember_lbl" xml:lang="en-US">Frontier Markets Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_FrontierMarketsRiskMember" xlink:to="nbef_FrontierMarketsRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_GrowthStockRiskMember" xlink:href="nbef-20250831.xsd#nbef_GrowthStockRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_GrowthStockRiskMember_lbl" xml:lang="en-US">Growth Stock Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_GrowthStockRiskMember" xlink:to="nbef_GrowthStockRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_HighPortfolioTurnoverRiskMember" xlink:href="nbef-20250831.xsd#nbef_HighPortfolioTurnoverRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_HighPortfolioTurnoverRiskMember_lbl" xml:lang="en-US">High Portfolio Turnover Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_HighPortfolioTurnoverRiskMember" xlink:to="nbef_HighPortfolioTurnoverRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_InitialPublicOfferingsMember" xlink:href="nbef-20250831.xsd#nbef_InitialPublicOfferingsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_InitialPublicOfferingsMember_lbl" xml:lang="en-US">Initial Public Offerings ( [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_InitialPublicOfferingsMember" xlink:to="nbef_InitialPublicOfferingsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_IssuerSpecificRiskMember" xlink:href="nbef-20250831.xsd#nbef_IssuerSpecificRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_IssuerSpecificRiskMember_lbl" xml:lang="en-US">Issuer-Specific Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_IssuerSpecificRiskMember" xlink:to="nbef_IssuerSpecificRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_LiquidityRiskMember" xlink:href="nbef-20250831.xsd#nbef_LiquidityRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_LiquidityRiskMember" xlink:to="nbef_LiquidityRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_MarketCapitalizationRiskMember" xlink:href="nbef-20250831.xsd#nbef_MarketCapitalizationRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_MarketCapitalizationRiskMember_lbl" xml:lang="en-US">Market Capitalization Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_MarketCapitalizationRiskMember" xlink:to="nbef_MarketCapitalizationRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_MarketVolatilityRiskMember" xlink:href="nbef-20250831.xsd#nbef_MarketVolatilityRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_MarketVolatilityRiskMember_lbl" xml:lang="en-US">Market Volatility Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_MarketVolatilityRiskMember" xlink:to="nbef_MarketVolatilityRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_ModelRiskMember" xlink:href="nbef-20250831.xsd#nbef_ModelRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_ModelRiskMember_lbl" xml:lang="en-US">Model Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_ModelRiskMember" xlink:to="nbef_ModelRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_NewFundRiskMember" xlink:href="nbef-20250831.xsd#nbef_NewFundRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_NewFundRiskMember_lbl" xml:lang="en-US">New Fund Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_NewFundRiskMember" xlink:to="nbef_NewFundRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_OtherInvestmentCompanyRiskMember" xlink:href="nbef-20250831.xsd#nbef_OtherInvestmentCompanyRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_OtherInvestmentCompanyRiskMember_lbl" xml:lang="en-US">Other Investment Company Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_OtherInvestmentCompanyRiskMember" xlink:to="nbef_OtherInvestmentCompanyRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_PreferredSecuritiesRiskMember" xlink:href="nbef-20250831.xsd#nbef_PreferredSecuritiesRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_PreferredSecuritiesRiskMember_lbl" xml:lang="en-US">Preferred Securities Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_PreferredSecuritiesRiskMember" xlink:to="nbef_PreferredSecuritiesRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_RealEstateCompaniesRiskMember" xlink:href="nbef-20250831.xsd#nbef_RealEstateCompaniesRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_RealEstateCompaniesRiskMember_lbl" xml:lang="en-US">Real Estate Companies Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_RealEstateCompaniesRiskMember" xlink:to="nbef_RealEstateCompaniesRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_RecentMarketConditionsMember" xlink:href="nbef-20250831.xsd#nbef_RecentMarketConditionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_RecentMarketConditionsMember_lbl" xml:lang="en-US">Recent Market Conditions [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_RecentMarketConditionsMember" xlink:to="nbef_RecentMarketConditionsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_RedemptionRiskMember" xlink:href="nbef-20250831.xsd#nbef_RedemptionRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_RedemptionRiskMember_lbl" xml:lang="en-US">Redemption Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_RedemptionRiskMember" xlink:to="nbef_RedemptionRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_SectorRiskMember" xlink:href="nbef-20250831.xsd#nbef_SectorRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_SectorRiskMember_lbl" xml:lang="en-US">Sector Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_SectorRiskMember" xlink:to="nbef_SectorRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_ValueStockRiskMember" xlink:href="nbef-20250831.xsd#nbef_ValueStockRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_ValueStockRiskMember_lbl" xml:lang="en-US">Value Stock Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_ValueStockRiskMember" xlink:to="nbef_ValueStockRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_RiskOfIncreaseInExpensesMember" xlink:href="nbef-20250831.xsd#nbef_RiskOfIncreaseInExpensesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_RiskOfIncreaseInExpensesMember_lbl" xml:lang="en-US">Risk of Increase in Expenses [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_RiskOfIncreaseInExpensesMember" xlink:to="nbef_RiskOfIncreaseInExpensesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_OperationalAndCybersecurityRiskMember" xlink:href="nbef-20250831.xsd#nbef_OperationalAndCybersecurityRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_OperationalAndCybersecurityRiskMember_lbl" xml:lang="en-US">Operational and Cybersecurity Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_OperationalAndCybersecurityRiskMember" xlink:to="nbef_OperationalAndCybersecurityRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_RiskManagementMember" xlink:href="nbef-20250831.xsd#nbef_RiskManagementMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_RiskManagementMember_lbl" xml:lang="en-US">Risk Management [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_RiskManagementMember" xlink:to="nbef_RiskManagementMember_lbl"/>
    <loc xlink:type="locator" xlink:label="nbef_ValuationRiskMember" xlink:href="nbef-20250831.xsd#nbef_ValuationRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nbef_ValuationRiskMember_lbl" xml:lang="en-US">Valuation Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_ValuationRiskMember" xlink:to="nbef_ValuationRiskMember_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_OtherInvestmentCompanyRiskMember_lbl0" xml:lang="en-US">Other Investment Company Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_OtherInvestmentCompanyRiskMember" xlink:to="nbef_OtherInvestmentCompanyRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_GrowthStockRiskMember_lbl0" xml:lang="en-US">Growth Stock Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_GrowthStockRiskMember" xlink:to="nbef_GrowthStockRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_SectorRiskMember_lbl0" xml:lang="en-US">Sector Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_SectorRiskMember" xlink:to="nbef_SectorRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_NewFundRiskMember_lbl0" xml:lang="en-US">New Fund Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_NewFundRiskMember" xlink:to="nbef_NewFundRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_PreferredSecuritiesRiskMember_lbl0" xml:lang="en-US">Preferred Securities Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_PreferredSecuritiesRiskMember" xlink:to="nbef_PreferredSecuritiesRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_C000276577Member_lbl0" xml:lang="en-US">C000276577 Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_C000276577Member" xlink:to="nbef_C000276577Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_LiquidityRiskMember_lbl0" xml:lang="en-US">Liquidity Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_LiquidityRiskMember" xlink:to="nbef_LiquidityRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_IssuerSpecificRiskMember_lbl0" xml:lang="en-US">Issuer Specific Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_IssuerSpecificRiskMember" xlink:to="nbef_IssuerSpecificRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_FrontierMarketsRiskMember_lbl0" xml:lang="en-US">Frontier Markets Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_FrontierMarketsRiskMember" xlink:to="nbef_FrontierMarketsRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_RiskManagementMember_lbl0" xml:lang="en-US">Risk Management Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_RiskManagementMember" xlink:to="nbef_RiskManagementMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_RealEstateCompaniesRiskMember_lbl0" xml:lang="en-US">Real Estate Companies Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_RealEstateCompaniesRiskMember" xlink:to="nbef_RealEstateCompaniesRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_RedemptionRiskMember_lbl0" xml:lang="en-US">Redemption Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_RedemptionRiskMember" xlink:to="nbef_RedemptionRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nbef_MarketVolatilityRiskMember_lbl0" xml:lang="en-US">Market Volatility Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nbef_MarketVolatilityRiskMember" xlink:to="nbef_MarketVolatilityRiskMember_lbl0"/>
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