<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 6.5c -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_C000234742Member" xlink:label="ztax_C000234742Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_C000234742Member" xlink:to="ztax_C000234742Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_C000234742Member_lbl" xml:lang="en-US">X-SQUARE MUNICIPAL INCOME ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_BloombergMunicipalBondHighYieldnonInvestmentGradeIndexMember" xlink:label="ztax_BloombergMunicipalBondHighYieldnonInvestmentGradeIndexMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_BloombergMunicipalBondHighYieldnonInvestmentGradeIndexMember" xlink:to="ztax_BloombergMunicipalBondHighYieldnonInvestmentGradeIndexMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_BloombergMunicipalBondHighYieldnonInvestmentGradeIndexMember_lbl" xml:lang="en-US">Bloomberg Municipal Bond: High Yield (non-Investment Grade)Index</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_OneToThreeYearsMember" xlink:label="ztax_OneToThreeYearsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_OneToThreeYearsMember" xlink:to="ztax_OneToThreeYearsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_OneToThreeYearsMember_lbl" xml:lang="en-US">1-3 Years</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_ThreeToFiveYearsMember" xlink:label="ztax_ThreeToFiveYearsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_ThreeToFiveYearsMember" xlink:to="ztax_ThreeToFiveYearsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_ThreeToFiveYearsMember_lbl" xml:lang="en-US">3-5 Years</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_FiveToTenYearsMember" xlink:label="ztax_FiveToTenYearsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_FiveToTenYearsMember" xlink:to="ztax_FiveToTenYearsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_FiveToTenYearsMember_lbl" xml:lang="en-US">5-10 Years</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_TenYearsMember" xlink:label="ztax_TenYearsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_TenYearsMember" xlink:to="ztax_TenYearsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_TenYearsMember_lbl" xml:lang="en-US">10 Years</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_PuertoRicoSalesTaxFinancingCorpSalesTaxRevenueMember" xlink:label="ztax_PuertoRicoSalesTaxFinancingCorpSalesTaxRevenueMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_PuertoRicoSalesTaxFinancingCorpSalesTaxRevenueMember" xlink:to="ztax_PuertoRicoSalesTaxFinancingCorpSalesTaxRevenueMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_PuertoRicoSalesTaxFinancingCorpSalesTaxRevenueMember_lbl" xml:lang="en-US">Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 4.784%, 07/01/2058</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_CommonwealthOfPuertoRicoMember" xlink:label="ztax_CommonwealthOfPuertoRicoMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_CommonwealthOfPuertoRicoMember" xlink:to="ztax_CommonwealthOfPuertoRicoMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_CommonwealthOfPuertoRicoMember_lbl" xml:lang="en-US">Commonwealth of Puerto Rico, 4.00%, 07/01/2035</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_MatchingFundSpecialPurposeSecuritizationCorpMember" xlink:label="ztax_MatchingFundSpecialPurposeSecuritizationCorpMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_MatchingFundSpecialPurposeSecuritizationCorpMember" xlink:to="ztax_MatchingFundSpecialPurposeSecuritizationCorpMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_MatchingFundSpecialPurposeSecuritizationCorpMember_lbl" xml:lang="en-US">Matching Fund Special Purpose Securitization Corp., 5.00%, 10/01/2039</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_CommonwealthOfPuertoRico1Member" xlink:label="ztax_CommonwealthOfPuertoRico1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_CommonwealthOfPuertoRico1Member" xlink:to="ztax_CommonwealthOfPuertoRico1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_CommonwealthOfPuertoRico1Member_lbl" xml:lang="en-US">Commonwealth of Puerto Rico, 5.625%, 07/01/2027</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_PuertoRicoCommonwealthAqueductAndSewerAuthorityMember" xlink:label="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthorityMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthorityMember" xlink:to="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthorityMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthorityMember_lbl" xml:lang="en-US">Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority, 5.00%, 07/01/2047</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_CommonwealthOfPuertoRico2Member" xlink:label="ztax_CommonwealthOfPuertoRico2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_CommonwealthOfPuertoRico2Member" xlink:to="ztax_CommonwealthOfPuertoRico2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_CommonwealthOfPuertoRico2Member_lbl" xml:lang="en-US">Commonwealth of Puerto Rico, 5.75%, 07/01/2031</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_PuertoRicoCommonwealthAqueductAndSewerAuthority1Member" xlink:label="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthority1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthority1Member" xlink:to="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthority1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthority1Member_lbl" xml:lang="en-US">Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority, 5.00%, 07/01/2037</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_PuertoRicoCommonwealthAqueductAndSewerAuthority2Member" xlink:label="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthority2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthority2Member" xlink:to="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthority2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_PuertoRicoCommonwealthAqueductAndSewerAuthority2Member_lbl" xml:lang="en-US">Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority, 5.00%, 07/01/2028</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_PuertoRicoSalesTaxFinancingCorpSalesTaxRevenue1Member" xlink:label="ztax_PuertoRicoSalesTaxFinancingCorpSalesTaxRevenue1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_PuertoRicoSalesTaxFinancingCorpSalesTaxRevenue1Member" xlink:to="ztax_PuertoRicoSalesTaxFinancingCorpSalesTaxRevenue1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_PuertoRicoSalesTaxFinancingCorpSalesTaxRevenue1Member_lbl" xml:lang="en-US">Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 4.329%, 07/01/2040</link:label>
      <link:loc xlink:type="locator" xlink:href="ztax-20240930.xsd#ztax_TerritoryOfGuamMember" xlink:label="ztax_TerritoryOfGuamMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ztax_TerritoryOfGuamMember" xlink:to="ztax_TerritoryOfGuamMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ztax_TerritoryOfGuamMember_lbl" xml:lang="en-US">Territory of Guam, 4.00%, 01/01/2036</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsNet" xlink:label="us-gaap_AssetsNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNet" xlink:to="us-gaap_AssetsNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsNet_lbl" xml:lang="en-US">Net Assets</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentCompanyPortfolioTurnover" xlink:label="us-gaap_InvestmentCompanyPortfolioTurnover" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentCompanyPortfolioTurnover" xlink:to="us-gaap_InvestmentCompanyPortfolioTurnover_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentCompanyPortfolioTurnover_lbl" xml:lang="en-US">Investment Company, Portfolio Turnover</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
    </link:labelLink>
</link:linkbase>
