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    <link:label id="lab_ck0001511699_S000037522Member_label_en-US" xlink:label="lab_ck0001511699_S000037522Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LK Balanced Fund</link:label>
    <link:label id="lab_ck0001511699_S000037522Member_documentation_en-US" xlink:label="lab_ck0001511699_S000037522Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">LK Balanced Fund, S000037522, Series</link:label>
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    <link:label id="lab_ck0001511699_ADRRiskMember_documentation_en-US" xlink:label="lab_ck0001511699_ADRRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ADR Risk Member</link:label>
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