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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_S000057997Member_lbl" xml:lang="en-US">AAMA Equity Fund</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_C000189198Member_lbl" xml:lang="en-US">AAMA Equity Fund Shares</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_MarketRiskMember" xlink:to="aama_MarketRiskMember_lbl" xlink:type="arc" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_EquitySecuritiesRiskMember_lbl" xml:lang="en-US">Equity Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_ManagementRiskMember" xlink:label="aama_ManagementRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_ManagementRiskMember" xlink:to="aama_ManagementRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_ManagementRiskMember_lbl" xml:lang="en-US">Management Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_SmallCapAndMidCapCompanyRiskMember" xlink:label="aama_SmallCapAndMidCapCompanyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_SmallCapAndMidCapCompanyRiskMember" xlink:to="aama_SmallCapAndMidCapCompanyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_SmallCapAndMidCapCompanyRiskMember_lbl" xml:lang="en-US">Small-Cap and Mid-Cap Company Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_ValueStocksRiskMember" xlink:label="aama_ValueStocksRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_ValueStocksRiskMember" xlink:to="aama_ValueStocksRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_ValueStocksRiskMember_lbl" xml:lang="en-US">Value Stocks Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_GrowthStocksRiskMember" xlink:label="aama_GrowthStocksRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_GrowthStocksRiskMember" xlink:to="aama_GrowthStocksRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_GrowthStocksRiskMember_lbl" xml:lang="en-US">Growth Stocks Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_OtherInvestmentCompanyRiskMember" xlink:label="aama_OtherInvestmentCompanyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_OtherInvestmentCompanyRiskMember" xlink:to="aama_OtherInvestmentCompanyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_OtherInvestmentCompanyRiskMember_lbl" xml:lang="en-US">Other Investment Company Risk</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_ExchangeTradedFundRiskMember" xlink:to="aama_ExchangeTradedFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_ExchangeTradedFundRiskMember_lbl" xml:lang="en-US">Exchange-Traded Fund Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_ForeignInvestingRiskMember" xlink:label="aama_ForeignInvestingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_ForeignInvestingRiskMember" xlink:to="aama_ForeignInvestingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_ForeignInvestingRiskMember_lbl" xml:lang="en-US">Foreign Investing Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_ForeignCurrencyRiskMember" xlink:label="aama_ForeignCurrencyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_ForeignCurrencyRiskMember" xlink:to="aama_ForeignCurrencyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_ForeignCurrencyRiskMember_lbl" xml:lang="en-US">Foreign Currency Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_DepositaryReceiptsRiskMember" xlink:label="aama_DepositaryReceiptsRiskMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_DepositaryReceiptsRiskMember_lbl" xml:lang="en-US">Depositary Receipts Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_PreferredSecuritiesRiskMember" xlink:label="aama_PreferredSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_PreferredSecuritiesRiskMember" xlink:to="aama_PreferredSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_PreferredSecuritiesRiskMember_lbl" xml:lang="en-US">Preferred Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_ConvertibleSecuritiesRiskMember" xlink:label="aama_ConvertibleSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_ConvertibleSecuritiesRiskMember" xlink:to="aama_ConvertibleSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_ConvertibleSecuritiesRiskMember_lbl" xml:lang="en-US">Convertible Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_RealEstateInvestmentTrustsReitsRiskMember" xlink:label="aama_RealEstateInvestmentTrustsReitsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_RealEstateInvestmentTrustsReitsRiskMember" xlink:to="aama_RealEstateInvestmentTrustsReitsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_RealEstateInvestmentTrustsReitsRiskMember_lbl" xml:lang="en-US">Real Estate Investment Trusts (REITs) Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_FocusRiskMember" xlink:label="aama_FocusRiskMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_FocusRiskMember_lbl" xml:lang="en-US">Focus Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_MoneyMarketFundRiskMember" xlink:label="aama_MoneyMarketFundRiskMember" />
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      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_U.S.GovernmentSecuritiesRiskMember" xlink:label="aama_U.S.GovernmentSecuritiesRiskMember" />
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      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_RedemptionRiskMember" xlink:label="aama_RedemptionRiskMember" />
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      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_CybersecurityRiskMember" xlink:label="aama_CybersecurityRiskMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_CybersecurityRiskMember_lbl" xml:lang="en-US">Cybersecurity Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_InflationRiskMember" xlink:label="aama_InflationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_InflationRiskMember" xlink:to="aama_InflationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_InflationRiskMember_lbl" xml:lang="en-US">Inflation Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_MarketDisruptionRiskMember" xlink:label="aama_MarketDisruptionRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_MarketDisruptionRiskMember" xlink:to="aama_MarketDisruptionRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_MarketDisruptionRiskMember_lbl" xml:lang="en-US">Market Disruption Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_Index1Member" xlink:label="aama_Index1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_Index1Member" xlink:to="aama_Index1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_Index1Member_lbl" xml:lang="en-US">S&amp;P 500 Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_Index2Member" xlink:label="aama_Index2Member" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_Index2Member_lbl" xml:lang="en-US">S&amp;P 500 Equal Weight Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_S000057998Member" xlink:label="aama_S000057998Member" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_S000057998Member_lbl" xml:lang="en-US">AAMA Income Fund</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_C000189199Member_lbl" xml:lang="en-US">AAMA Income Fund Shares</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_FixedIncomeRiskMember_lbl" xml:lang="en-US">Fixed Income Risk</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestRateRiskMember_lbl" xml:lang="en-US">Interest Rate Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CreditRiskMember" xlink:label="us-gaap_CreditRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditRiskMember" xlink:to="us-gaap_CreditRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditRiskMember_lbl" xml:lang="en-US">Credit Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_PrepaymentAndExtensionRiskMember" xlink:label="aama_PrepaymentAndExtensionRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_PrepaymentAndExtensionRiskMember" xlink:to="aama_PrepaymentAndExtensionRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_PrepaymentAndExtensionRiskMember_lbl" xml:lang="en-US">Prepayment and Extension Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_FloatingAndVariableRateSecuritiesRiskMember" xlink:label="aama_FloatingAndVariableRateSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_FloatingAndVariableRateSecuritiesRiskMember" xlink:to="aama_FloatingAndVariableRateSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_FloatingAndVariableRateSecuritiesRiskMember_lbl" xml:lang="en-US">Floating and Variable Rate Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_BelowInvestmentGradeBondRiskMember" xlink:label="aama_BelowInvestmentGradeBondRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_BelowInvestmentGradeBondRiskMember" xlink:to="aama_BelowInvestmentGradeBondRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_BelowInvestmentGradeBondRiskMember_lbl" xml:lang="en-US">Below Investment Grade Bond Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_ZeroCouponBondsRiskMember" xlink:label="aama_ZeroCouponBondsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_ZeroCouponBondsRiskMember" xlink:to="aama_ZeroCouponBondsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_ZeroCouponBondsRiskMember_lbl" xml:lang="en-US">Zero Coupon Bonds Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_MunicipalSecuritiesRiskMember" xlink:label="aama_MunicipalSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_MunicipalSecuritiesRiskMember" xlink:to="aama_MunicipalSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_MunicipalSecuritiesRiskMember_lbl" xml:lang="en-US">Municipal Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_InflationLinkedSecuritiesRiskMember" xlink:label="aama_InflationLinkedSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_InflationLinkedSecuritiesRiskMember" xlink:to="aama_InflationLinkedSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_InflationLinkedSecuritiesRiskMember_lbl" xml:lang="en-US">Inflation-Linked Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_MortgageRelatedAndMortgageBackedSecuritiesRiskMember" xlink:label="aama_MortgageRelatedAndMortgageBackedSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_MortgageRelatedAndMortgageBackedSecuritiesRiskMember" xlink:to="aama_MortgageRelatedAndMortgageBackedSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_MortgageRelatedAndMortgageBackedSecuritiesRiskMember_lbl" xml:lang="en-US">Mortgage-Related and Mortgage-Backed Securities Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_ConvertibleBondRiskMember" xlink:label="aama_ConvertibleBondRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_ConvertibleBondRiskMember" xlink:to="aama_ConvertibleBondRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_ConvertibleBondRiskMember_lbl" xml:lang="en-US">Convertible Bond Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_ForeignInvestmentsRiskMember" xlink:label="aama_ForeignInvestmentsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_ForeignInvestmentsRiskMember" xlink:to="aama_ForeignInvestmentsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_ForeignInvestmentsRiskMember_lbl" xml:lang="en-US">Foreign Investments Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_SovereignDebtRiskMember" xlink:label="aama_SovereignDebtRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_SovereignDebtRiskMember" xlink:to="aama_SovereignDebtRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_SovereignDebtRiskMember_lbl" xml:lang="en-US">Sovereign Debt Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_EmergingMarketsRiskMember" xlink:label="aama_EmergingMarketsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_EmergingMarketsRiskMember" xlink:to="aama_EmergingMarketsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_EmergingMarketsRiskMember_lbl" xml:lang="en-US">Emerging Markets Risk</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_Index3Member" xlink:label="aama_Index3Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_Index3Member" xlink:to="aama_Index3Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_Index3Member_lbl" xml:lang="en-US">Bloomberg Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="aama-20261028.xsd#aama_Index4Member" xlink:label="aama_Index4Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aama_Index4Member" xlink:to="aama_Index4Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aama_Index4Member_lbl" xml:lang="en-US">Bloomberg 1-5 Year U.S. Government/Credit Index (reflects no deductions for fees, expenses or taxes)</link:label>
    </link:labelLink>
</link:linkbase>
