<?xml version="1.0" encoding="UTF-8"?>
<!-- Generated by Fujitsu Interstage XWand B0254 -->
<!-- Generated by DocuBuilder 4.3 -->
<link:linkbase xmlns:tsr="http://tsr/20260831" xmlns:oef="http://xbrl.sec.gov/oef/2026" xmlns:deprecated="http://www.xbrl.org/2009/role/deprecated" xmlns:dtr="http://www.xbrl.org/2009/dtr" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:oef-pre="http://xbrl.sec.gov/oef-pre/2026" xmlns="http://www.w3.org/2001/XMLSchema" xmlns:oef-lab="http://xbrl.sec.gov/oef-lab/2026" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:oef-def="http://xbrl.sec.gov/oef-def/2026" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" xmlns:srt="http://fasb.org/srt/2026" xmlns:oef-sr="http://xbrl.sec.gov/oef-sr/2026" xmlns:oef02="http://oef02/20321031" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2026" xmlns:srt-types="http://fasb.org/srt-types/2026" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrli="http://www.xbrl.org/2003/instance">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <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:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_C000066853Member" xlink:label="C000066853Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000066853Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class A - C000066853</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000066853Member" xlink:to="label_tsr_C000066853Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000066853Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Class A</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_C000066855Member" xlink:label="C000066855Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000066855Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class C - C000066855</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000066855Member" xlink:to="label_tsr_C000066855Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000066855Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Class C</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_C000066857Member" xlink:label="C000066857Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000066857Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class R - C000066857</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000066857Member" xlink:to="label_tsr_C000066857Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000066857Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Class R</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_C000203063Member" xlink:label="C000203063Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000203063Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class R6 - C000203063</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000203063Member" xlink:to="label_tsr_C000203063Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000203063Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Class R6</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_C000066858Member" xlink:label="C000066858Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000066858Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class Y - C000066858</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000066858Member" xlink:to="label_tsr_C000066858Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000066858Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Class Y</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_C000071535Member" xlink:label="C000071535Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000071535Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class A - C000071535</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000071535Member" xlink:to="label_tsr_C000071535Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000071535Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Class A</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_C000071537Member" xlink:label="C000071537Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000071537Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class C - C000071537</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000071537Member" xlink:to="label_tsr_C000071537Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000071537Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Class C</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_C000071539Member" xlink:label="C000071539Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000071539Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class R - C000071539</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000071539Member" xlink:to="label_tsr_C000071539Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000071539Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Class R</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_C000203065Member" xlink:label="C000203065Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000203065Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class R6 - C000203065</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000203065Member" xlink:to="label_tsr_C000203065Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000203065Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Class R6</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_C000071540Member" xlink:label="C000071540Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000071540Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Class Y - C000071540</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000071540Member" xlink:to="label_tsr_C000071540Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_C000071540Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Class Y</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202609157917_8534Member" xlink:label="bench202609157917_8534Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202609157917_8534Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:1C000066853-MSCI Emerging Markets Index-NR_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202609157917_8534Member" xlink:to="label_tsr_bench202609157917_8534Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202609157917_8534Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI Emerging Markets Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_TW" xlink:label="TW"/>
    <link:label xlink:type="resource" xlink:label="label_TW" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-Taiwan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TW" xlink:to="label_TW"/>
    <link:label xlink:type="resource" xlink:label="label_TW" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Taiwan</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_KR" xlink:label="KR"/>
    <link:label xlink:type="resource" xlink:label="label_KR" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-South Korea</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KR" xlink:to="label_KR"/>
    <link:label xlink:type="resource" xlink:label="label_KR" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">South Korea</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_CN" xlink:label="CN"/>
    <link:label xlink:type="resource" xlink:label="label_CN" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-China</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CN" xlink:to="label_CN"/>
    <link:label xlink:type="resource" xlink:label="label_CN" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">China</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_IN" xlink:label="IN"/>
    <link:label xlink:type="resource" xlink:label="label_IN" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-India</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IN" xlink:to="label_IN"/>
    <link:label xlink:type="resource" xlink:label="label_IN" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">India</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_BR" xlink:label="BR"/>
    <link:label xlink:type="resource" xlink:label="label_BR" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-Brazil</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BR" xlink:to="label_BR"/>
    <link:label xlink:type="resource" xlink:label="label_BR" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Brazil</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_SA" xlink:label="SA"/>
    <link:label xlink:type="resource" xlink:label="label_SA" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-Saudi Arabia</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SA" xlink:to="label_SA"/>
    <link:label xlink:type="resource" xlink:label="label_SA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Saudi Arabia</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_ZA" xlink:label="ZA"/>
    <link:label xlink:type="resource" xlink:label="label_ZA" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-South Africa</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ZA" xlink:to="label_ZA"/>
    <link:label xlink:type="resource" xlink:label="label_ZA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">South Africa</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_PH" xlink:label="PH"/>
    <link:label xlink:type="resource" xlink:label="label_PH" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-Philippines</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PH" xlink:to="label_PH"/>
    <link:label xlink:type="resource" xlink:label="label_PH" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Philippines</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_AU" xlink:label="AU"/>
    <link:label xlink:type="resource" xlink:label="label_AU" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-Australia</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AU" xlink:to="label_AU"/>
    <link:label xlink:type="resource" xlink:label="label_AU" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Australia</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_MX" xlink:label="MX"/>
    <link:label xlink:type="resource" xlink:label="label_MX" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-Mexico</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MX" xlink:to="label_MX"/>
    <link:label xlink:type="resource" xlink:label="label_MX" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Mexico</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_HU" xlink:label="HU"/>
    <link:label xlink:type="resource" xlink:label="label_HU" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-Hungary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HU" xlink:to="label_HU"/>
    <link:label xlink:type="resource" xlink:label="label_HU" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Hungary</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_HK" xlink:label="HK"/>
    <link:label xlink:type="resource" xlink:label="label_HK" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-Hong Kong</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HK" xlink:to="label_HK"/>
    <link:label xlink:type="resource" xlink:label="label_HK" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Hong Kong</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_GR" xlink:label="GR"/>
    <link:label xlink:type="resource" xlink:label="label_GR" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-Greece</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GR" xlink:to="label_GR"/>
    <link:label xlink:type="resource" xlink:label="label_GR" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Greece</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_PL" xlink:label="PL"/>
    <link:label xlink:type="resource" xlink:label="label_PL" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-Poland</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PL" xlink:to="label_PL"/>
    <link:label xlink:type="resource" xlink:label="label_PL" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Poland</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_AR" xlink:label="AR"/>
    <link:label xlink:type="resource" xlink:label="label_AR" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-Argentina</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AR" xlink:to="label_AR"/>
    <link:label xlink:type="resource" xlink:label="label_AR" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Argentina</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_GB" xlink:label="GB"/>
    <link:label xlink:type="resource" xlink:label="label_GB" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066853-United Kingdom</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GB" xlink:to="label_GB"/>
    <link:label xlink:type="resource" xlink:label="label_GB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">United Kingdom</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202408133485_8534Member" xlink:label="bench202408133485_8534Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8534Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Other Category:19C000066853-Short-Term Investments_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408133485_8534Member" xlink:to="label_tsr_bench202408133485_8534Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8534Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202609157917_8535Member" xlink:label="bench202609157917_8535Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202609157917_8535Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:20C000066855-MSCI Emerging Markets Index-NR_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202609157917_8535Member" xlink:to="label_tsr_bench202609157917_8535Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202609157917_8535Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI Emerging Markets Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202408133485_8535Member" xlink:label="bench202408133485_8535Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8535Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Other Category:38C000066855-Short-Term Investments_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408133485_8535Member" xlink:to="label_tsr_bench202408133485_8535Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8535Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202609157917_8537Member" xlink:label="bench202609157917_8537Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202609157917_8537Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:39C000066857-MSCI Emerging Markets Index-NR_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202609157917_8537Member" xlink:to="label_tsr_bench202609157917_8537Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202609157917_8537Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI Emerging Markets Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202409043991_8537Member" xlink:label="bench202409043991_8537Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202409043991_8537Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066857-Short-Term Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202409043991_8537Member" xlink:to="label_tsr_bench202409043991_8537Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202409043991_8537Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202609157917_8536Member" xlink:label="bench202609157917_8536Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202609157917_8536Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:57C000203063-MSCI Emerging Markets Index-NR_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202609157917_8536Member" xlink:to="label_tsr_bench202609157917_8536Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202609157917_8536Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI Emerging Markets Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202609157917_8538Member" xlink:label="bench202609157917_8538Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202609157917_8538Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:74C000066858-MSCI Emerging Markets Index-NR_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202609157917_8538Member" xlink:to="label_tsr_bench202609157917_8538Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202609157917_8538Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI Emerging Markets Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202409043991_8538Member" xlink:label="bench202409043991_8538Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202409043991_8538Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000066858-Short-Term Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202409043991_8538Member" xlink:to="label_tsr_bench202409043991_8538Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202409043991_8538Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_benchmarkBMPTS.EM7-EN4_8388Member" xlink:label="benchmarkBMPTS.EM7-EN4_8388Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPTS.EM7-EN4_8388Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:92C000071535-Putnam Global Technology Linked Benchmark</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMPTS.EM7-EN4_8388Member" xlink:to="label_tsr_benchmarkBMPTS.EM7-EN4_8388Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPTS.EM7-EN4_8388Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Putnam Global Technology Linked Benchmark [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202410284186_8388Member" xlink:label="bench202410284186_8388Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284186_8388Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:93C000071535-MSCI All Country World Index-NR_</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284186_8388Member" xlink:to="label_tsr_bench202410284186_8388Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284186_8388Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI All Country World Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_benchmarkBMPT.EM7-EN4_8388Member" xlink:label="benchmarkBMPT.EM7-EN4_8388Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPT.EM7-EN4_8388Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:94C000071535-MSCI ACWI Information Technology Index-NR</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMPT.EM7-EN4_8388Member" xlink:to="label_tsr_benchmarkBMPT.EM7-EN4_8388Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPT.EM7-EN4_8388Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI ACWI Information Technology Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_US" xlink:label="US"/>
    <link:label xlink:type="resource" xlink:label="label_US" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000071535-United States</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="US" xlink:to="label_US"/>
    <link:label xlink:type="resource" xlink:label="label_US" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">United States</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_NL" xlink:label="NL"/>
    <link:label xlink:type="resource" xlink:label="label_NL" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000071535-Netherlands</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NL" xlink:to="label_NL"/>
    <link:label xlink:type="resource" xlink:label="label_NL" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Netherlands</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_JP" xlink:label="JP"/>
    <link:label xlink:type="resource" xlink:label="label_JP" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000071535-Japan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JP" xlink:to="label_JP"/>
    <link:label xlink:type="resource" xlink:label="label_JP" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Japan</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_DE" xlink:label="DE"/>
    <link:label xlink:type="resource" xlink:label="label_DE" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000071535-Germany</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DE" xlink:to="label_DE"/>
    <link:label xlink:type="resource" xlink:label="label_DE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Germany</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2026/country-2026.xsd#country_SG" xlink:label="SG"/>
    <link:label xlink:type="resource" xlink:label="label_SG" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000071535-Singapore</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SG" xlink:to="label_SG"/>
    <link:label xlink:type="resource" xlink:label="label_SG" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Singapore</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202408133485_8388Member" xlink:label="bench202408133485_8388Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8388Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Other Category:104C000071535-Short-Term Investments_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408133485_8388Member" xlink:to="label_tsr_bench202408133485_8388Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8388Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_benchmarkBMPTS.EM7-EN4_8389Member" xlink:label="benchmarkBMPTS.EM7-EN4_8389Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPTS.EM7-EN4_8389Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:105C000071537-Putnam Global Technology Linked Benchmark</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMPTS.EM7-EN4_8389Member" xlink:to="label_tsr_benchmarkBMPTS.EM7-EN4_8389Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPTS.EM7-EN4_8389Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Putnam Global Technology Linked Benchmark [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202410284186_8389Member" xlink:label="bench202410284186_8389Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284186_8389Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:106C000071537-MSCI All Country World Index-NR_</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284186_8389Member" xlink:to="label_tsr_bench202410284186_8389Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284186_8389Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI All Country World Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_benchmarkBMPT.EM7-EN4_8389Member" xlink:label="benchmarkBMPT.EM7-EN4_8389Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPT.EM7-EN4_8389Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:107C000071537-MSCI ACWI Information Technology Index-NR</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMPT.EM7-EN4_8389Member" xlink:to="label_tsr_benchmarkBMPT.EM7-EN4_8389Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPT.EM7-EN4_8389Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI ACWI Information Technology Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202408133485_8389Member" xlink:label="bench202408133485_8389Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8389Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Other Category:117C000071537-Short-Term Investments_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408133485_8389Member" xlink:to="label_tsr_bench202408133485_8389Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8389Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_benchmarkBMPTS.EM7-EN4_8390Member" xlink:label="benchmarkBMPTS.EM7-EN4_8390Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPTS.EM7-EN4_8390Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:118C000071539-Putnam Global Technology Linked Benchmark</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMPTS.EM7-EN4_8390Member" xlink:to="label_tsr_benchmarkBMPTS.EM7-EN4_8390Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPTS.EM7-EN4_8390Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Putnam Global Technology Linked Benchmark [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202410284186_8390Member" xlink:label="bench202410284186_8390Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284186_8390Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:119C000071539-MSCI All Country World Index-NR_</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284186_8390Member" xlink:to="label_tsr_bench202410284186_8390Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284186_8390Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI All Country World Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_benchmarkBMPT.EM7-EN4_8390Member" xlink:label="benchmarkBMPT.EM7-EN4_8390Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPT.EM7-EN4_8390Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:120C000071539-MSCI ACWI Information Technology Index-NR</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMPT.EM7-EN4_8390Member" xlink:to="label_tsr_benchmarkBMPT.EM7-EN4_8390Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPT.EM7-EN4_8390Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI ACWI Information Technology Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202408133485_8390Member" xlink:label="bench202408133485_8390Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8390Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Other Category:129C000071539-Short-Term Investments_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408133485_8390Member" xlink:to="label_tsr_bench202408133485_8390Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8390Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_benchmarkBMPTS.EM7-EN4_8391Member" xlink:label="benchmarkBMPTS.EM7-EN4_8391Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPTS.EM7-EN4_8391Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:130C000203065-Putnam Global Technology Linked Benchmark</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMPTS.EM7-EN4_8391Member" xlink:to="label_tsr_benchmarkBMPTS.EM7-EN4_8391Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPTS.EM7-EN4_8391Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Putnam Global Technology Linked Benchmark [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202410284186_8391Member" xlink:label="bench202410284186_8391Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284186_8391Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:131C000203065-MSCI All Country World Index-NR_</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284186_8391Member" xlink:to="label_tsr_bench202410284186_8391Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284186_8391Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI All Country World Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_benchmarkBMPT.EM7-EN4_8391Member" xlink:label="benchmarkBMPT.EM7-EN4_8391Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPT.EM7-EN4_8391Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:132C000203065-MSCI ACWI Information Technology Index-NR</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMPT.EM7-EN4_8391Member" xlink:to="label_tsr_benchmarkBMPT.EM7-EN4_8391Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPT.EM7-EN4_8391Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI ACWI Information Technology Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202408133485_8391Member" xlink:label="bench202408133485_8391Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8391Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Other Category:141C000203065-Short-Term Investments_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408133485_8391Member" xlink:to="label_tsr_bench202408133485_8391Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8391Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_benchmarkBMPTS.EM7-EN4_8392Member" xlink:label="benchmarkBMPTS.EM7-EN4_8392Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPTS.EM7-EN4_8392Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:142C000071540-Putnam Global Technology Linked Benchmark</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMPTS.EM7-EN4_8392Member" xlink:to="label_tsr_benchmarkBMPTS.EM7-EN4_8392Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPTS.EM7-EN4_8392Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Putnam Global Technology Linked Benchmark [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202410284186_8392Member" xlink:label="bench202410284186_8392Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284186_8392Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Broad Based Index:143C000071540-MSCI All Country World Index-NR_</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202410284186_8392Member" xlink:to="label_tsr_bench202410284186_8392Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202410284186_8392Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI All Country World Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_benchmarkBMPT.EM7-EN4_8392Member" xlink:label="benchmarkBMPT.EM7-EN4_8392Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPT.EM7-EN4_8392Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Additional Index:144C000071540-MSCI ACWI Information Technology Index-NR</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="benchmarkBMPT.EM7-EN4_8392Member" xlink:to="label_tsr_benchmarkBMPT.EM7-EN4_8392Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_benchmarkBMPT.EM7-EN4_8392Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">MSCI ACWI Information Technology Index-NR [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="tsr-20260831.xsd#tsr_bench202408133485_8392Member" xlink:label="bench202408133485_8392Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8392Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Other Category:154C000071540-Short-Term Investments_1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bench202408133485_8392Member" xlink:to="label_tsr_bench202408133485_8392Member"/>
    <link:label xlink:type="resource" xlink:label="label_tsr_bench202408133485_8392Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Short-Term Investments [Member]</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="AssetsNet"/>
    <link:label xlink:type="resource" xlink:label="label_AssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Net Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsNet" xlink:to="label_AssetsNet" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentCompanyPortfolioTurnover" xlink:label="InvestmentCompanyPortfolioTurnover"/>
    <link:label xlink:type="resource" xlink:label="label_InvestmentCompanyPortfolioTurnover" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Investment Company Portfolio Turnover</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentCompanyPortfolioTurnover" xlink:to="label_InvestmentCompanyPortfolioTurnover" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_InvestmentCompanyPortfolioTurnover_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Portfolio Turnover</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentCompanyPortfolioTurnover" xlink:to="label_InvestmentCompanyPortfolioTurnover_2" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommodityIndexLinkedNotesMember" xlink:label="CommodityIndexLinkedNotesMember"/>
    <link:label xlink:type="resource" xlink:label="label_CommodityIndexLinkedNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Commodity Index Linked Notes [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommodityIndexLinkedNotesMember" xlink:to="label_CommodityIndexLinkedNotesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_CommodityIndexLinkedNotesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Commodity Index Linked Notes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommodityIndexLinkedNotesMember" xlink:to="label_CommodityIndexLinkedNotesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SovereignDebtSecuritiesMember" xlink:label="SovereignDebtSecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_SovereignDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Sovereign Debt Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SovereignDebtSecuritiesMember" xlink:to="label_SovereignDebtSecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_SovereignDebtSecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Sovereign Debt Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SovereignDebtSecuritiesMember" xlink:to="label_SovereignDebtSecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ConvertibleDebtSecuritiesMember" xlink:label="ConvertibleDebtSecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_ConvertibleDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Convertible Debt Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebtSecuritiesMember" xlink:to="label_ConvertibleDebtSecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_ConvertibleDebtSecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Convertible Debt Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebtSecuritiesMember" xlink:to="label_ConvertibleDebtSecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="CorporateDebtSecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_CorporateDebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Corporate Debt Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateDebtSecuritiesMember" xlink:to="label_CorporateDebtSecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_CorporateDebtSecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Corporate Debt Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateDebtSecuritiesMember" xlink:to="label_CorporateDebtSecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CorporateNoteSecuritiesMember" xlink:label="CorporateNoteSecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_CorporateNoteSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Corporate Note Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateNoteSecuritiesMember" xlink:to="label_CorporateNoteSecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_CorporateNoteSecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Corporate Note Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateNoteSecuritiesMember" xlink:to="label_CorporateNoteSecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CorporateBondSecuritiesMember" xlink:label="CorporateBondSecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_CorporateBondSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Corporate Bond Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateBondSecuritiesMember" xlink:to="label_CorporateBondSecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_CorporateBondSecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Corporate Bond Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateBondSecuritiesMember" xlink:to="label_CorporateBondSecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FixedIncomeInvestmentsMember" xlink:label="FixedIncomeInvestmentsMember"/>
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Fixed Income Investments [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeInvestmentsMember" xlink:to="label_FixedIncomeInvestmentsMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeInvestmentsMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Fixed Income Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeInvestmentsMember" xlink:to="label_FixedIncomeInvestmentsMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SecuritiesInvestmentMember" xlink:label="SecuritiesInvestmentMember"/>
    <link:label xlink:type="resource" xlink:label="label_SecuritiesInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Securities Investment [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuritiesInvestmentMember" xlink:to="label_SecuritiesInvestmentMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_SecuritiesInvestmentMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Securities Investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuritiesInvestmentMember" xlink:to="label_SecuritiesInvestmentMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherAggregatedInvestmentsMember" xlink:label="OtherAggregatedInvestmentsMember"/>
    <link:label xlink:type="resource" xlink:label="label_OtherAggregatedInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Other Aggregated Investments [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAggregatedInvestmentsMember" xlink:to="label_OtherAggregatedInvestmentsMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_OtherAggregatedInvestmentsMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Other Aggregated Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAggregatedInvestmentsMember" xlink:to="label_OtherAggregatedInvestmentsMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateSectorMember" xlink:label="RealEstateSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_RealEstateSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Real Estate Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateSectorMember" xlink:to="label_RealEstateSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_RealEstateSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Real Estate Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateSectorMember" xlink:to="label_RealEstateSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StandardPoors500IndexMember" xlink:label="StandardPoors500IndexMember"/>
    <link:label xlink:type="resource" xlink:label="label_StandardPoors500IndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Standard Poors 500 Index [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StandardPoors500IndexMember" xlink:to="label_StandardPoors500IndexMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_StandardPoors500IndexMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Standard Poors 500 Index</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StandardPoors500IndexMember" xlink:to="label_StandardPoors500IndexMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NasdaqCompositeIndexMember" xlink:label="NasdaqCompositeIndexMember"/>
    <link:label xlink:type="resource" xlink:label="label_NasdaqCompositeIndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Nasdaq Composite Index [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NasdaqCompositeIndexMember" xlink:to="label_NasdaqCompositeIndexMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_NasdaqCompositeIndexMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Nasdaq Composite Index</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NasdaqCompositeIndexMember" xlink:to="label_NasdaqCompositeIndexMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquitySecuritiesIndustryMember" xlink:label="EquitySecuritiesIndustryMember"/>
    <link:label xlink:type="resource" xlink:label="label_EquitySecuritiesIndustryMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Equity Securities Industry [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquitySecuritiesIndustryMember" xlink:to="label_EquitySecuritiesIndustryMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_EquitySecuritiesIndustryMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Equity Securities Industry</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquitySecuritiesIndustryMember" xlink:to="label_EquitySecuritiesIndustryMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquitySecuritiesMember" xlink:label="EquitySecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_EquitySecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Equity Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquitySecuritiesMember" xlink:to="label_EquitySecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_EquitySecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Equity Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquitySecuritiesMember" xlink:to="label_EquitySecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DowJonesIndustrialAverageMember" xlink:label="DowJonesIndustrialAverageMember"/>
    <link:label xlink:type="resource" xlink:label="label_DowJonesIndustrialAverageMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Dow Jones Industrial Average [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DowJonesIndustrialAverageMember" xlink:to="label_DowJonesIndustrialAverageMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_DowJonesIndustrialAverageMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Dow Jones Industrial Average</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DowJonesIndustrialAverageMember" xlink:to="label_DowJonesIndustrialAverageMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ConstructionSectorMember" xlink:label="ConstructionSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_ConstructionSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Construction Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionSectorMember" xlink:to="label_ConstructionSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_ConstructionSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Construction Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionSectorMember" xlink:to="label_ConstructionSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AutomotiveSectorMember" xlink:label="AutomotiveSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_AutomotiveSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Automotive Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AutomotiveSectorMember" xlink:to="label_AutomotiveSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_AutomotiveSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Automotive Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AutomotiveSectorMember" xlink:to="label_AutomotiveSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TransportationSectorMember" xlink:label="TransportationSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_TransportationSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Transportation Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportationSectorMember" xlink:to="label_TransportationSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_TransportationSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Transportation Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportationSectorMember" xlink:to="label_TransportationSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AerospaceSectorMember" xlink:label="AerospaceSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_AerospaceSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Aerospace Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AerospaceSectorMember" xlink:to="label_AerospaceSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_AerospaceSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Aerospace Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AerospaceSectorMember" xlink:to="label_AerospaceSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ConsumerSectorMember" xlink:label="ConsumerSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_ConsumerSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Consumer Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsumerSectorMember" xlink:to="label_ConsumerSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_ConsumerSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Consumer Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsumerSectorMember" xlink:to="label_ConsumerSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ChemicalsSectorMember" xlink:label="ChemicalsSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_ChemicalsSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Chemicals Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChemicalsSectorMember" xlink:to="label_ChemicalsSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_ChemicalsSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Chemicals Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChemicalsSectorMember" xlink:to="label_ChemicalsSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InsuranceSectorMember" xlink:label="InsuranceSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_InsuranceSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Insurance Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceSectorMember" xlink:to="label_InsuranceSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_InsuranceSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Insurance Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceSectorMember" xlink:to="label_InsuranceSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashMember" xlink:label="CashMember"/>
    <link:label xlink:type="resource" xlink:label="label_CashMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Cash [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashMember" xlink:to="label_CashMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_CashMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Cash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashMember" xlink:to="label_CashMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="AssetBackedSecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_AssetBackedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Asset Backed Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetBackedSecuritiesMember" xlink:to="label_AssetBackedSecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_AssetBackedSecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Asset Backed Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetBackedSecuritiesMember" xlink:to="label_AssetBackedSecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ContainerAndPackagingSectorMember" xlink:label="ContainerAndPackagingSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_ContainerAndPackagingSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Container And PackagingSector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerAndPackagingSectorMember" xlink:to="label_ContainerAndPackagingSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_ContainerAndPackagingSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Container And PackagingSector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerAndPackagingSectorMember" xlink:to="label_ContainerAndPackagingSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentTypeAxis" xlink:label="InvestmentTypeAxis"/>
    <link:label xlink:type="resource" xlink:label="label_InvestmentTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Investment Type [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentTypeAxis" xlink:to="label_InvestmentTypeAxis" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_InvestmentTypeAxis_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Asset Class</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentTypeAxis" xlink:to="label_InvestmentTypeAxis_2" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_USTreasurySecuritiesMember" xlink:label="USTreasurySecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_USTreasurySecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">US Treasury Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USTreasurySecuritiesMember" xlink:to="label_USTreasurySecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_USTreasurySecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">US Treasury Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USTreasurySecuritiesMember" xlink:to="label_USTreasurySecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="MortgageBackedSecuritiesMember"/>
    <link:label xlink:type="resource" xlink:label="label_MortgageBackedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Mortgage Backed Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MortgageBackedSecuritiesMember" xlink:to="label_MortgageBackedSecuritiesMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_MortgageBackedSecuritiesMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Mortgage Backed Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MortgageBackedSecuritiesMember" xlink:to="label_MortgageBackedSecuritiesMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="InvestmentTypeCategorizationMember"/>
    <link:label xlink:type="resource" xlink:label="label_InvestmentTypeCategorizationMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Investment Type Categorization [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentTypeCategorizationMember" xlink:to="label_InvestmentTypeCategorizationMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_InvestmentTypeCategorizationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Investment Type Categorization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentTypeCategorizationMember" xlink:to="label_InvestmentTypeCategorizationMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EntertainmentSectorMember" xlink:label="EntertainmentSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_EntertainmentSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Entertainment Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntertainmentSectorMember" xlink:to="label_EntertainmentSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_EntertainmentSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Entertainment Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntertainmentSectorMember" xlink:to="label_EntertainmentSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FoodAndBeverageSectorMember" xlink:label="FoodAndBeverageSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_FoodAndBeverageSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Food And Beverage Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FoodAndBeverageSectorMember" xlink:to="label_FoodAndBeverageSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_FoodAndBeverageSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Food And Beverage Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FoodAndBeverageSectorMember" xlink:to="label_FoodAndBeverageSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancialServicesSectorMember" xlink:label="FinancialServicesSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_FinancialServicesSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Financial Services Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialServicesSectorMember" xlink:to="label_FinancialServicesSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_FinancialServicesSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Financial Services Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialServicesSectorMember" xlink:to="label_FinancialServicesSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_HealthcareSectorMember" xlink:label="HealthcareSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_HealthcareSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Healthcare Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HealthcareSectorMember" xlink:to="label_HealthcareSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_HealthcareSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Healthcare Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HealthcareSectorMember" xlink:to="label_HealthcareSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EnergySectorMember" xlink:label="EnergySectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_EnergySectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Energy Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergySectorMember" xlink:to="label_EnergySectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_EnergySectorMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Energy Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergySectorMember" xlink:to="label_EnergySectorMember_2" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TechnologySectorMember" xlink:label="TechnologySectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_TechnologySectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Technology Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechnologySectorMember" xlink:to="label_TechnologySectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_TechnologySectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Technology Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechnologySectorMember" xlink:to="label_TechnologySectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GovernmentSectorMember" xlink:label="GovernmentSectorMember"/>
    <link:label xlink:type="resource" xlink:label="label_GovernmentSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Government Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GovernmentSectorMember" xlink:to="label_GovernmentSectorMember" priority="1"/>
    <link:label xlink:type="resource" xlink:label="label_GovernmentSectorMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Government Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GovernmentSectorMember" xlink:to="label_GovernmentSectorMember_3" priority="1"/>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_NoTradingSymbolFlag" xlink:label="NoTradingSymbolFlag" xlink:title="NoTradingSymbolFlag"/>
    <link:label xlink:type="resource" xlink:label="label_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoTradingSymbolFlag" xml:lang="en-US" id="label_NoTradingSymbolFlag">No Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoTradingSymbolFlag" xlink:to="label_NoTradingSymbolFlag" xlink:title="label: NoTradingSymbolFlag to label_NoTradingSymbolFlag"/>
  </link:labelLink>
</link:linkbase>
