<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com -->
<!-- Created: Mon Jun 22 06:06:03 UTC 2026 -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <loc xlink:type="locator" xlink:label="ck0001079575_S000105839Member" xlink:href="ck0001079575-20260622.xsd#ck0001079575_S000105839Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_S000105839Member_lbl" xml:lang="en-US">Calamos U.S. Equity Autocallable VIP Fund</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_S000105839Member" xlink:to="ck0001079575_S000105839Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_C000276633Member" xlink:href="ck0001079575-20260622.xsd#ck0001079575_C000276633Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_C000276633Member_lbl" xml:lang="en-US">Class I</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_C000276633Member" xlink:to="ck0001079575_C000276633Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_C000276634Member" xlink:href="ck0001079575-20260622.xsd#ck0001079575_C000276634Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_C000276634Member_lbl" xml:lang="en-US">Class II</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_C000276634Member" xlink:to="ck0001079575_C000276634Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_AutocallableStructureRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_AutocallableStructureRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_AutocallableStructureRiskMember_lbl" xml:lang="en-US">Autocallable Structure Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_AutocallableStructureRiskMember" xlink:to="ck0001079575_AutocallableStructureRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_ContingentIncomeRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_ContingentIncomeRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_ContingentIncomeRiskMember_lbl" xml:lang="en-US">Contingent Income Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_ContingentIncomeRiskMember" xlink:to="ck0001079575_ContingentIncomeRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_EarlyRedemptionRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_EarlyRedemptionRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_EarlyRedemptionRiskMember_lbl" xml:lang="en-US">Early Redemption Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_EarlyRedemptionRiskMember" xlink:to="ck0001079575_EarlyRedemptionRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_BarrierRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_BarrierRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_BarrierRiskMember_lbl" xml:lang="en-US">Barrier Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_BarrierRiskMember" xlink:to="ck0001079575_BarrierRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_BoxSpreadRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_BoxSpreadRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_BoxSpreadRiskMember_lbl" xml:lang="en-US">Box Spread Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_BoxSpreadRiskMember" xlink:to="ck0001079575_BoxSpreadRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_CalculationMethodologyRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_CalculationMethodologyRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_CalculationMethodologyRiskMember_lbl" xml:lang="en-US">Calculation Methodology Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_CalculationMethodologyRiskMember" xlink:to="ck0001079575_CalculationMethodologyRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_CashHoldingsRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_CashHoldingsRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_CashHoldingsRiskMember_lbl" xml:lang="en-US">Cash Holdings Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_CashHoldingsRiskMember" xlink:to="ck0001079575_CashHoldingsRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_CorrelationRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_CorrelationRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_CorrelationRiskMember_lbl" xml:lang="en-US">Correlation Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_CorrelationRiskMember" xlink:to="ck0001079575_CorrelationRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_CostsOfBuyingAndSellingFundSharesMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_CostsOfBuyingAndSellingFundSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_CostsOfBuyingAndSellingFundSharesMember_lbl" xml:lang="en-US">Costs of Buying and Selling Fund Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_CostsOfBuyingAndSellingFundSharesMember" xlink:to="ck0001079575_CostsOfBuyingAndSellingFundSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_CounterpartyRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_CounterpartyRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_CounterpartyRiskMember_lbl" xml:lang="en-US">Counterparty Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_CounterpartyRiskMember" xlink:to="ck0001079575_CounterpartyRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_DerivativesRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_DerivativesRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_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="ck0001079575_DerivativesRiskMember" xlink:to="ck0001079575_DerivativesRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_EquitySecuritiesRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_EquitySecuritiesRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_EquitySecuritiesRiskMember_lbl" xml:lang="en-US">Equity Securities Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_EquitySecuritiesRiskMember" xlink:to="ck0001079575_EquitySecuritiesRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_FLEXOptionsRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_FLEXOptionsRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_FLEXOptionsRiskMember_lbl" xml:lang="en-US">FLEX Options Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_FLEXOptionsRiskMember" xlink:to="ck0001079575_FLEXOptionsRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_IndexRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_IndexRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_IndexRiskMember_lbl" xml:lang="en-US">Index Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_IndexRiskMember" xlink:to="ck0001079575_IndexRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_InvestmentInASubsidiaryMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_InvestmentInASubsidiaryMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_InvestmentInASubsidiaryMember_lbl" xml:lang="en-US">Investment in a Subsidiary [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_InvestmentInASubsidiaryMember" xlink:to="ck0001079575_InvestmentInASubsidiaryMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_LadderedPortfolioRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_LadderedPortfolioRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_LadderedPortfolioRiskMember_lbl" xml:lang="en-US">Laddered Portfolio Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_LadderedPortfolioRiskMember" xlink:to="ck0001079575_LadderedPortfolioRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_LiquidityRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_LiquidityRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_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="ck0001079575_LiquidityRiskMember" xlink:to="ck0001079575_LiquidityRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_MarketRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_MarketRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_MarketRiskMember_lbl" xml:lang="en-US">Market Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_MarketRiskMember" xlink:to="ck0001079575_MarketRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_NewFundRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_NewFundRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_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="ck0001079575_NewFundRiskMember" xlink:to="ck0001079575_NewFundRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_OtherInvestmentCompaniesincludingETFsRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_OtherInvestmentCompaniesincludingETFsRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_OtherInvestmentCompaniesincludingETFsRiskMember_lbl" xml:lang="en-US">Other Investment Companies (including ETFs) Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_OtherInvestmentCompaniesincludingETFsRiskMember" xlink:to="ck0001079575_OtherInvestmentCompaniesincludingETFsRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_StateRegulationRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_StateRegulationRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_StateRegulationRiskMember_lbl" xml:lang="en-US">State Regulation Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_StateRegulationRiskMember" xlink:to="ck0001079575_StateRegulationRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_SwapAgreementRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_SwapAgreementRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_SwapAgreementRiskMember_lbl" xml:lang="en-US">Swap Agreement Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_SwapAgreementRiskMember" xlink:to="ck0001079575_SwapAgreementRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_SwapAgreementTerminationRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_SwapAgreementTerminationRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_SwapAgreementTerminationRiskMember_lbl" xml:lang="en-US">Swap Agreement Termination Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_SwapAgreementTerminationRiskMember" xlink:to="ck0001079575_SwapAgreementTerminationRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_TaxRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_TaxRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_TaxRiskMember_lbl" xml:lang="en-US">Tax Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_TaxRiskMember" xlink:to="ck0001079575_TaxRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_TradingIssuesRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_TradingIssuesRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_TradingIssuesRiskMember_lbl" xml:lang="en-US">Trading Issues Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_TradingIssuesRiskMember" xlink:to="ck0001079575_TradingIssuesRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_ValuationRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_ValuationRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_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="ck0001079575_ValuationRiskMember" xlink:to="ck0001079575_ValuationRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001079575_VolatilityTargetIndexRiskMember" xlink:href="ck0001079575-20260622.xsd#ck0001079575_VolatilityTargetIndexRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001079575_VolatilityTargetIndexRiskMember_lbl" xml:lang="en-US">Volatility Target Index Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_VolatilityTargetIndexRiskMember" xlink:to="ck0001079575_VolatilityTargetIndexRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CreditRiskMember" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CreditRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditRiskMember_lbl" xml:lang="en-US">Credit Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditRiskMember" xlink:to="us-gaap_CreditRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_InterestRateRiskMember" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestRateRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestRateRiskMember_lbl" xml:lang="en-US">Interest Rate Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateRiskMember" xlink:to="us-gaap_InterestRateRiskMember_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_CashHoldingsRiskMember_lbl0" xml:lang="en-US">Cash Holdings Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_CashHoldingsRiskMember" xlink:to="ck0001079575_CashHoldingsRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_EarlyRedemptionRiskMember_lbl0" xml:lang="en-US">Early Redemption Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_EarlyRedemptionRiskMember" xlink:to="ck0001079575_EarlyRedemptionRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_InvestmentInASubsidiaryMember_lbl0" xml:lang="en-US">Investment In ASubsidiary Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_InvestmentInASubsidiaryMember" xlink:to="ck0001079575_InvestmentInASubsidiaryMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditRiskMember_lbl0" xml:lang="en-US">CreditRiskMember</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditRiskMember" xlink:to="us-gaap_CreditRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_TradingIssuesRiskMember_lbl0" xml:lang="en-US">Trading Issues Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_TradingIssuesRiskMember" xlink:to="ck0001079575_TradingIssuesRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_TaxRiskMember_lbl0" xml:lang="en-US">Tax Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_TaxRiskMember" xlink:to="ck0001079575_TaxRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_SwapAgreementRiskMember_lbl0" xml:lang="en-US">Swap Agreement Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_SwapAgreementRiskMember" xlink:to="ck0001079575_SwapAgreementRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_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="ck0001079575_NewFundRiskMember" xlink:to="ck0001079575_NewFundRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_SwapAgreementTerminationRiskMember_lbl0" xml:lang="en-US">Swap Agreement Termination Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_SwapAgreementTerminationRiskMember" xlink:to="ck0001079575_SwapAgreementTerminationRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_VolatilityTargetIndexRiskMember_lbl0" xml:lang="en-US">Volatility Target Index Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_VolatilityTargetIndexRiskMember" xlink:to="ck0001079575_VolatilityTargetIndexRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_LadderedPortfolioRiskMember_lbl0" xml:lang="en-US">Laddered Portfolio Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_LadderedPortfolioRiskMember" xlink:to="ck0001079575_LadderedPortfolioRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_CounterpartyRiskMember_lbl0" xml:lang="en-US">Counterparty Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_CounterpartyRiskMember" xlink:to="ck0001079575_CounterpartyRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_AutocallableStructureRiskMember_lbl0" xml:lang="en-US">Autocallable Structure Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_AutocallableStructureRiskMember" xlink:to="ck0001079575_AutocallableStructureRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_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="ck0001079575_LiquidityRiskMember" xlink:to="ck0001079575_LiquidityRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_FLEXOptionsRiskMember_lbl0" xml:lang="en-US">FLEXOptions Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_FLEXOptionsRiskMember" xlink:to="ck0001079575_FLEXOptionsRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_MarketRiskMember_lbl0" xml:lang="en-US">Market Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_MarketRiskMember" xlink:to="ck0001079575_MarketRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_OtherInvestmentCompaniesincludingETFsRiskMember_lbl0" xml:lang="en-US">Other Investment Companiesincluding ETFs Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_OtherInvestmentCompaniesincludingETFsRiskMember" xlink:to="ck0001079575_OtherInvestmentCompaniesincludingETFsRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_BarrierRiskMember_lbl0" xml:lang="en-US">Barrier Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_BarrierRiskMember" xlink:to="ck0001079575_BarrierRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_C000276634Member_lbl0" xml:lang="en-US">C000276634 Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_C000276634Member" xlink:to="ck0001079575_C000276634Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_CorrelationRiskMember_lbl0" xml:lang="en-US">Correlation Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_CorrelationRiskMember" xlink:to="ck0001079575_CorrelationRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_ValuationRiskMember_lbl0" xml:lang="en-US">Valuation Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_ValuationRiskMember" xlink:to="ck0001079575_ValuationRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_DerivativesRiskMember_lbl0" xml:lang="en-US">Derivatives Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_DerivativesRiskMember" xlink:to="ck0001079575_DerivativesRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_IndexRiskMember_lbl0" xml:lang="en-US">Index Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_IndexRiskMember" xlink:to="ck0001079575_IndexRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestRateRiskMember_lbl0" xml:lang="en-US">InterestRateRiskMember</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateRiskMember" xlink:to="us-gaap_InterestRateRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_ContingentIncomeRiskMember_lbl0" xml:lang="en-US">Contingent Income Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_ContingentIncomeRiskMember" xlink:to="ck0001079575_ContingentIncomeRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_CalculationMethodologyRiskMember_lbl0" xml:lang="en-US">Calculation Methodology Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_CalculationMethodologyRiskMember" xlink:to="ck0001079575_CalculationMethodologyRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_EquitySecuritiesRiskMember_lbl0" xml:lang="en-US">Equity Securities Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_EquitySecuritiesRiskMember" xlink:to="ck0001079575_EquitySecuritiesRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_C000276633Member_lbl0" xml:lang="en-US">C000276633 Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_C000276633Member" xlink:to="ck0001079575_C000276633Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_S000105839Member_lbl0" xml:lang="en-US">S000105839 Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_S000105839Member" xlink:to="ck0001079575_S000105839Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_BoxSpreadRiskMember_lbl0" xml:lang="en-US">Box Spread Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_BoxSpreadRiskMember" xlink:to="ck0001079575_BoxSpreadRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_StateRegulationRiskMember_lbl0" xml:lang="en-US">State Regulation Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_StateRegulationRiskMember" xlink:to="ck0001079575_StateRegulationRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001079575_CostsOfBuyingAndSellingFundSharesMember_lbl0" xml:lang="en-US">Costs Of Buying And Selling Fund Shares Member</label>
<!-- [WMV7][JNiM9yg4ZZTlopLk1kQMHTw1UfdGHOSHUa0a/E7B17EhREL0PxaKj8W5nbD4nxdxQdMOtVLRx8YbAbcPBXHNBIKY87RO7C82hjHpw1LSEdPiw/li5rq1gXp0z/RiiYkln4jld0Xr7t7ez0YgiLM5nfW1MQiYq6GWO/26oY510Vz2PWmn8fHnFkXUGl+AQ2glssCAuJnjl9Hmgea2nFGScRMDxKRJUmzZA/pAloWGyou6JlLUrYN8EwUGs1iEBUt8JHuX6EeAwkk5LI5pFZQPZ4Xuxw9x3eIXk2jG4sGzdtVggfiS8mUPcgfVYcr/rJObGk0pHztmJEVc4sFNNDM/pV6WSh0C+W6F/WJjd6Xso5TQsA5qtA==] CSR-->
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001079575_CostsOfBuyingAndSellingFundSharesMember" xlink:to="ck0001079575_CostsOfBuyingAndSellingFundSharesMember_lbl0"/>
  </labelLink>
</linkbase>
