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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_S000096083Member_lbl" xml:lang="en-US">Voya Core Bond ETF</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_DerivativesRiskMember_lbl" xml:lang="en-US">Derivatives Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_FuturesRisksMember_lbl" xml:lang="en-US">Futures Risks [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_MunicipalSecuritiesRiskMember_lbl" xml:lang="en-US">Municipal Securities Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_StructuredNotesRiskMember_lbl" xml:lang="en-US">Structured Notes Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_EnvironmentalSocialAndGovernanceRiskMember_lbl" xml:lang="en-US">Environmental, Social, and Governance Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_EconomicAndMarketRiskMember_lbl" xml:lang="en-US">Economic and Market Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_EtfRisksMember_lbl" xml:lang="en-US">ETF Risks [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_lbl" xml:lang="en-US">Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_CashRedemptionRiskMember_lbl" xml:lang="en-US">Cash Redemption Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_CostsOfBuyingOrSellingSharesMember" xlink:label="voya_CostsOfBuyingOrSellingSharesMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_CostsOfBuyingOrSellingSharesMember_lbl" xml:lang="en-US">Costs of Buying or Selling Shares [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_SharesMayTradeAtPricesOtherThanNavMember" xlink:label="voya_SharesMayTradeAtPricesOtherThanNavMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_SharesMayTradeAtPricesOtherThanNavMember_lbl" xml:lang="en-US">Shares May Trade at Prices Other Than NAV [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_TradingMember_lbl" xml:lang="en-US">Trading [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_HighPortfolioTurnoverRiskMember_lbl" xml:lang="en-US">High Portfolio Turnover Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_InflationRiskMember_lbl" xml:lang="en-US">Inflation Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_LeveragingRiskMember_lbl" xml:lang="en-US">Leveraging Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_ManagementRiskMember" xlink:label="voya_ManagementRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_ManagementRiskMember" xlink:to="voya_ManagementRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_ManagementRiskMember_lbl" xml:lang="en-US">Management Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_NewerFundRiskMember" xlink:label="voya_NewerFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_NewerFundRiskMember" xlink:to="voya_NewerFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_NewerFundRiskMember_lbl" xml:lang="en-US">Newer Fund Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_OperationalRiskMember" xlink:label="voya_OperationalRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_OperationalRiskMember" xlink:to="voya_OperationalRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_OperationalRiskMember_lbl" xml:lang="en-US">Operational Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_USGovernmentandUSAgencyObligationsRiskMember" xlink:label="voya_USGovernmentandUSAgencyObligationsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_USGovernmentandUSAgencyObligationsRiskMember" xlink:to="voya_USGovernmentandUSAgencyObligationsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_USGovernmentandUSAgencyObligationsRiskMember_lbl" xml:lang="en-US">U.S. Government and U.S. Agency Obligations Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_S000096084Member" xlink:label="voya_S000096084Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_S000096084Member" xlink:to="voya_S000096084Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_S000096084Member_lbl" xml:lang="en-US">Voya Multi-Sector Income ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_HighYieldSecuritiesJunkBondsRiskMember" xlink:label="voya_HighYieldSecuritiesJunkBondsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_HighYieldSecuritiesJunkBondsRiskMember" xlink:to="voya_HighYieldSecuritiesJunkBondsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_HighYieldSecuritiesJunkBondsRiskMember_lbl" xml:lang="en-US">High Yield Securities (Junk Bonds) Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_FloatingRateLoansRiskMember" xlink:label="voya_FloatingRateLoansRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_FloatingRateLoansRiskMember" xlink:to="voya_FloatingRateLoansRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_FloatingRateLoansRiskMember_lbl" xml:lang="en-US">Floating Rate Loans Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_ConvertibleSecuritiesRiskMember" xlink:label="voya_ConvertibleSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_ConvertibleSecuritiesRiskMember" xlink:to="voya_ConvertibleSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_ConvertibleSecuritiesRiskMember_lbl" xml:lang="en-US">Convertible Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_CurrencyRiskMember" xlink:label="voya_CurrencyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_CurrencyRiskMember" xlink:to="voya_CurrencyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_CurrencyRiskMember_lbl" xml:lang="en-US">Currency Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_S000096085Member" xlink:label="voya_S000096085Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_S000096085Member" xlink:to="voya_S000096085Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_S000096085Member_lbl" xml:lang="en-US">Voya Ultra Short Income ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_NewFundRiskMember" xlink:label="voya_NewFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_NewFundRiskMember" xlink:to="voya_NewFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_NewFundRiskMember_lbl" xml:lang="en-US">New Fund Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_C000264870Member" xlink:label="voya_C000264870Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_C000264870Member" xlink:to="voya_C000264870Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_C000264870Member_lbl" xml:lang="en-US">Voya Core Bond ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_C000264871Member" xlink:label="voya_C000264871Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_C000264871Member" xlink:to="voya_C000264871Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_C000264871Member_lbl" xml:lang="en-US">Voya Multi-Sector Income ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="voya-20260727.xsd#voya_C000264872Member" xlink:label="voya_C000264872Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_C000264872Member" xlink:to="voya_C000264872Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="voya_C000264872Member_lbl" xml:lang="en-US">Voya Ultra Short Income ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_S000096083Member" xlink:to="voya_S000096083Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_S000096083Member_doc" xml:lang="en-US">Voya Core Bond ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_C000264870Member" xlink:to="voya_C000264870Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_C000264870Member_doc" xml:lang="en-US">Voya Core Bond ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_S000096084Member" xlink:to="voya_S000096084Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_S000096084Member_doc" xml:lang="en-US">Voya Multi-Sector Income ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_C000264871Member" xlink:to="voya_C000264871Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_C000264871Member_doc" xml:lang="en-US">Voya Multi-Sector Income ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_S000096085Member" xlink:to="voya_S000096085Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_S000096085Member_doc" xml:lang="en-US">Voya Ultra Short Income ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_C000264872Member" xlink:to="voya_C000264872Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_C000264872Member_doc" xml:lang="en-US">Voya Ultra Short Income ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_USGovernmentandUSAgencyObligationsRiskMember" xlink:to="voya_USGovernmentandUSAgencyObligationsRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_USGovernmentandUSAgencyObligationsRiskMember_doc" xml:lang="en-US">U.S. Government and U.S. Agency Obligations Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_OperationalRiskMember" xlink:to="voya_OperationalRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_OperationalRiskMember_doc" xml:lang="en-US">Operational Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_NewFundRiskMember" xlink:to="voya_NewFundRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_NewFundRiskMember_doc" xml:lang="en-US">New Fund Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_ManagementRiskMember" xlink:to="voya_ManagementRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_ManagementRiskMember_doc" xml:lang="en-US">Management Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_LiquidityRiskMember" xlink:to="voya_LiquidityRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_LiquidityRiskMember_doc" xml:lang="en-US">Liquidity Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_LeveragingRiskMember" xlink:to="voya_LeveragingRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_LeveragingRiskMember_doc" xml:lang="en-US">Leveraging Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_InflationRiskMember" xlink:to="voya_InflationRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_InflationRiskMember_doc" xml:lang="en-US">Inflation Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_HighPortfolioTurnoverRiskMember" xlink:to="voya_HighPortfolioTurnoverRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_HighPortfolioTurnoverRiskMember_doc" xml:lang="en-US">High Portfolio Turnover Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_TradingMember" xlink:to="voya_TradingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_TradingMember_doc" xml:lang="en-US">Trading.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_SharesMayTradeAtPricesOtherThanNavMember" xlink:to="voya_SharesMayTradeAtPricesOtherThanNavMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_SharesMayTradeAtPricesOtherThanNavMember_doc" xml:lang="en-US">Shares May Trade at Prices Other Than NAV.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_CostsOfBuyingOrSellingSharesMember" xlink:to="voya_CostsOfBuyingOrSellingSharesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_CostsOfBuyingOrSellingSharesMember_doc" xml:lang="en-US">Costs of Buying or Selling Shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_CashRedemptionRiskMember" xlink:to="voya_CashRedemptionRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_CashRedemptionRiskMember_doc" xml:lang="en-US">Cash Redemption Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:to="voya_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_doc" xml:lang="en-US">Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_EtfRisksMember" xlink:to="voya_EtfRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_EtfRisksMember_doc" xml:lang="en-US">ETF Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_EconomicAndMarketRiskMember" xlink:to="voya_EconomicAndMarketRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_EconomicAndMarketRiskMember_doc" xml:lang="en-US">Economic and Market Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_EnvironmentalSocialAndGovernanceRiskMember" xlink:to="voya_EnvironmentalSocialAndGovernanceRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_EnvironmentalSocialAndGovernanceRiskMember_doc" xml:lang="en-US">Environmental, Social, and Governance Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_CurrencyRiskMember" xlink:to="voya_CurrencyRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_CurrencyRiskMember_doc" xml:lang="en-US">Currency Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_ModelsAndDataRiskMember" xlink:to="voya_ModelsAndDataRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_ModelsAndDataRiskMember_doc" xml:lang="en-US">Models and Data Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_TbaRiskMember" xlink:to="voya_TbaRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_TbaRiskMember_doc" xml:lang="en-US">TBA Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_StructuredNotesRiskMember" xlink:to="voya_StructuredNotesRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_StructuredNotesRiskMember_doc" xml:lang="en-US">Structured Notes Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_MortgageandorAssetBackedSecuritiesRiskMember" xlink:to="voya_MortgageandorAssetBackedSecuritiesRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_MortgageandorAssetBackedSecuritiesRiskMember_doc" xml:lang="en-US">Mortgage- and/or Asset-Backed Securities Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_ForeignNonUSInvestmentsDevelopingandEmergingMarketsRiskMember" xlink:to="voya_ForeignNonUSInvestmentsDevelopingandEmergingMarketsRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_ForeignNonUSInvestmentsDevelopingandEmergingMarketsRiskMember_doc" xml:lang="en-US">Foreign (Non-U.S.) Investments/Developing and Emerging Markets Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_SovereignDebtRiskMember" xlink:to="voya_SovereignDebtRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_SovereignDebtRiskMember_doc" xml:lang="en-US">Sovereign Debt Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_CollateralizedLoanObligationsAndOtherCollateralizedObligationsRiskMember" xlink:to="voya_CollateralizedLoanObligationsAndOtherCollateralizedObligationsRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_CollateralizedLoanObligationsAndOtherCollateralizedObligationsRiskMember_doc" xml:lang="en-US">Collateralized Loan Obligations and Other Collateralized Obligations Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_BankInstrumentsRiskMember" xlink:to="voya_BankInstrumentsRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_BankInstrumentsRiskMember_doc" xml:lang="en-US">Bank Instruments Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_MunicipalSecuritiesRiskMember" xlink:to="voya_MunicipalSecuritiesRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_MunicipalSecuritiesRiskMember_doc" xml:lang="en-US">Municipal Securities Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_FloatingRateLoansRiskMember" xlink:to="voya_FloatingRateLoansRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_FloatingRateLoansRiskMember_doc" xml:lang="en-US">Floating Rate Loans Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_CounterpartyRiskMember" xlink:to="voya_CounterpartyRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_CounterpartyRiskMember_doc" xml:lang="en-US">Counterparty Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_CreditDefaultSwapsRiskMember" xlink:to="voya_CreditDefaultSwapsRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_CreditDefaultSwapsRiskMember_doc" xml:lang="en-US">Credit Default Swaps Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="voya_SwapsRisksMember" xlink:to="voya_SwapsRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="voya_SwapsRisksMember_doc" xml:lang="en-US">Swaps Risks.</link:label>
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