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  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_glx_AssetClassRiskDepositaryReceiptsRiskMember_label_en-US" xlink:label="lab_glx_AssetClassRiskDepositaryReceiptsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Depositary Receipts Risk Member</link:label>
    <link:label id="lab_glx_AssetClassRiskDepositaryReceiptsRiskMember_documentation_en-US" xlink:label="lab_glx_AssetClassRiskDepositaryReceiptsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Depositary Receipts Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_AssetClassRiskDepositaryReceiptsRiskMember" xlink:href="glx-20261104.xsd#glx_AssetClassRiskDepositaryReceiptsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_AssetClassRiskDepositaryReceiptsRiskMember" xlink:to="lab_glx_AssetClassRiskDepositaryReceiptsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_CapitalizationRiskMidCapitalizationCompaniesRiskMember_label_en-US" xlink:label="lab_glx_CapitalizationRiskMidCapitalizationCompaniesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalization Risk, Mid-Capitalization Companies Risk Member</link:label>
    <link:label id="lab_glx_CapitalizationRiskMidCapitalizationCompaniesRiskMember_documentation_en-US" xlink:label="lab_glx_CapitalizationRiskMidCapitalizationCompaniesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capitalization Risk, Mid-Capitalization Companies Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_CapitalizationRiskMidCapitalizationCompaniesRiskMember" xlink:href="glx-20261104.xsd#glx_CapitalizationRiskMidCapitalizationCompaniesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_CapitalizationRiskMidCapitalizationCompaniesRiskMember" xlink:to="lab_glx_CapitalizationRiskMidCapitalizationCompaniesRiskMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_glx_CurrencyRiskMember_documentation_en-US" xlink:label="lab_glx_CurrencyRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Currency Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_CurrencyRiskMember" xlink:href="glx-20261104.xsd#glx_CurrencyRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_CurrencyRiskMember" xlink:to="lab_glx_CurrencyRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_ActiveManagementRiskMember_label_en-US" xlink:label="lab_glx_ActiveManagementRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Active Management Risk Member</link:label>
    <link:label id="lab_glx_ActiveManagementRiskMember_documentation_en-US" xlink:label="lab_glx_ActiveManagementRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Active Management Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_ActiveManagementRiskMember" xlink:href="glx-20261104.xsd#glx_ActiveManagementRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_ActiveManagementRiskMember" xlink:to="lab_glx_ActiveManagementRiskMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_glx_SwapAgreementsRiskMember_documentation_en-US" xlink:label="lab_glx_SwapAgreementsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Swap Agreements Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_SwapAgreementsRiskMember" xlink:href="glx-20261104.xsd#glx_SwapAgreementsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_SwapAgreementsRiskMember" xlink:to="lab_glx_SwapAgreementsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_CapitalizationRiskLargeCapitalizationCompaniesRiskMember_label_en-US" xlink:label="lab_glx_CapitalizationRiskLargeCapitalizationCompaniesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalization Risk, Large-Capitalization Companies Risk Member</link:label>
    <link:label id="lab_glx_CapitalizationRiskLargeCapitalizationCompaniesRiskMember_documentation_en-US" xlink:label="lab_glx_CapitalizationRiskLargeCapitalizationCompaniesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capitalization Risk, Large-Capitalization Companies Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_CapitalizationRiskLargeCapitalizationCompaniesRiskMember" xlink:href="glx-20261104.xsd#glx_CapitalizationRiskLargeCapitalizationCompaniesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_CapitalizationRiskLargeCapitalizationCompaniesRiskMember" xlink:to="lab_glx_CapitalizationRiskLargeCapitalizationCompaniesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_ValuationRiskMember_label_en-US" xlink:label="lab_glx_ValuationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Risk Member</link:label>
    <link:label id="lab_glx_ValuationRiskMember_documentation_en-US" xlink:label="lab_glx_ValuationRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Valuation Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_ValuationRiskMember" xlink:href="glx-20261104.xsd#glx_ValuationRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_ValuationRiskMember" xlink:to="lab_glx_ValuationRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_CapitalControlsAndSanctionsRiskMember_label_en-US" xlink:label="lab_glx_CapitalControlsAndSanctionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Controls and Sanctions Risk Member</link:label>
    <link:label id="lab_glx_CapitalControlsAndSanctionsRiskMember_documentation_en-US" xlink:label="lab_glx_CapitalControlsAndSanctionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital Controls and Sanctions Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_CapitalControlsAndSanctionsRiskMember" xlink:href="glx-20261104.xsd#glx_CapitalControlsAndSanctionsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_CapitalControlsAndSanctionsRiskMember" xlink:to="lab_glx_CapitalControlsAndSanctionsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember_label_en-US" xlink:label="lab_glx_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Authorized Participants Concentration Risk Member</link:label>
    <link:label id="lab_glx_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember_documentation_en-US" xlink:label="lab_glx_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Authorized Participants Concentration Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember" xlink:href="glx-20261104.xsd#glx_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember" xlink:to="lab_glx_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember_label_en-US" xlink:label="lab_glx_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Large Shareholder Risk Member</link:label>
    <link:label id="lab_glx_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember_documentation_en-US" xlink:label="lab_glx_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Large Shareholder Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember" xlink:href="glx-20261104.xsd#glx_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember" xlink:to="lab_glx_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember_label_en-US" xlink:label="lab_glx_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Listing Standards Risk Member</link:label>
    <link:label id="lab_glx_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember_documentation_en-US" xlink:label="lab_glx_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Listing Standards Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember" xlink:href="glx-20261104.xsd#glx_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember" xlink:to="lab_glx_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_AssetClassRiskStockConnectRiskMember_label_en-US" xlink:label="lab_glx_AssetClassRiskStockConnectRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Stock Connect Risk Member</link:label>
    <link:label id="lab_glx_AssetClassRiskStockConnectRiskMember_documentation_en-US" xlink:label="lab_glx_AssetClassRiskStockConnectRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Stock Connect Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_AssetClassRiskStockConnectRiskMember" xlink:href="glx-20261104.xsd#glx_AssetClassRiskStockConnectRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_AssetClassRiskStockConnectRiskMember" xlink:to="lab_glx_AssetClassRiskStockConnectRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember_label_en-US" xlink:label="lab_glx_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Focus Risk, Risks Related To Investing In The Semiconductors And Semiconductor Equipment Industry Member</link:label>
    <link:label id="lab_glx_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember_documentation_en-US" xlink:label="lab_glx_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Focus Risk, Risks Related To Investing In The Semiconductors And Semiconductor Equipment Industry Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember" xlink:href="glx-20261104.xsd#glx_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember" xlink:to="lab_glx_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_GlobalXFundsMember_label_en-US" xlink:label="lab_glx_GlobalXFundsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global X Funds Member</link:label>
    <link:label id="lab_glx_GlobalXFundsMember_documentation_en-US" xlink:label="lab_glx_GlobalXFundsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Global X Funds Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_GlobalXFundsMember" xlink:href="glx-20261104.xsd#glx_GlobalXFundsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_GlobalXFundsMember" xlink:to="lab_glx_GlobalXFundsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_NewFundRiskMember_label_en-US" xlink:label="lab_glx_NewFundRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Fund Risk Member</link:label>
    <link:label id="lab_glx_NewFundRiskMember_documentation_en-US" xlink:label="lab_glx_NewFundRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Fund Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_NewFundRiskMember" xlink:href="glx-20261104.xsd#glx_NewFundRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_NewFundRiskMember" xlink:to="lab_glx_NewFundRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_GeographicRiskMember_label_en-US" xlink:label="lab_glx_GeographicRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographic Risk Member</link:label>
    <link:label id="lab_glx_GeographicRiskMember_documentation_en-US" xlink:label="lab_glx_GeographicRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_GeographicRiskMember" xlink:href="glx-20261104.xsd#glx_GeographicRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_GeographicRiskMember" xlink:to="lab_glx_GeographicRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_GeographicRiskRiskOfInvestingInHongKongMember_label_en-US" xlink:label="lab_glx_GeographicRiskRiskOfInvestingInHongKongMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographic Risk, Risk Of Investing In Hong Kong Member</link:label>
    <link:label id="lab_glx_GeographicRiskRiskOfInvestingInHongKongMember_documentation_en-US" xlink:label="lab_glx_GeographicRiskRiskOfInvestingInHongKongMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Risk, Risk Of Investing In Hong Kong Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_GeographicRiskRiskOfInvestingInHongKongMember" xlink:href="glx-20261104.xsd#glx_GeographicRiskRiskOfInvestingInHongKongMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_GeographicRiskRiskOfInvestingInHongKongMember" xlink:to="lab_glx_GeographicRiskRiskOfInvestingInHongKongMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_AssetClassRiskMember_label_en-US" xlink:label="lab_glx_AssetClassRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Class Risk Member</link:label>
    <link:label id="lab_glx_AssetClassRiskMember_documentation_en-US" xlink:label="lab_glx_AssetClassRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Class Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_AssetClassRiskMember" xlink:href="glx-20261104.xsd#glx_AssetClassRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_AssetClassRiskMember" xlink:to="lab_glx_AssetClassRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_OutboundInvestmentRestrictionsRiskMember_label_en-US" xlink:label="lab_glx_OutboundInvestmentRestrictionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outbound Investment Restrictions Risk Member</link:label>
    <link:label id="lab_glx_OutboundInvestmentRestrictionsRiskMember_documentation_en-US" xlink:label="lab_glx_OutboundInvestmentRestrictionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Outbound Investment Restrictions Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_OutboundInvestmentRestrictionsRiskMember" xlink:href="glx-20261104.xsd#glx_OutboundInvestmentRestrictionsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_OutboundInvestmentRestrictionsRiskMember" xlink:to="lab_glx_OutboundInvestmentRestrictionsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_IssuerRiskMember_label_en-US" xlink:label="lab_glx_IssuerRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuer Risk Member</link:label>
    <link:label id="lab_glx_IssuerRiskMember_documentation_en-US" xlink:label="lab_glx_IssuerRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Issuer Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_IssuerRiskMember" xlink:href="glx-20261104.xsd#glx_IssuerRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_IssuerRiskMember" xlink:to="lab_glx_IssuerRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_CapitalizationRiskSmallCapitalizationCompaniesRiskMember_label_en-US" xlink:label="lab_glx_CapitalizationRiskSmallCapitalizationCompaniesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalization Risk, Small-Capitalization Companies Risk Member</link:label>
    <link:label id="lab_glx_CapitalizationRiskSmallCapitalizationCompaniesRiskMember_documentation_en-US" xlink:label="lab_glx_CapitalizationRiskSmallCapitalizationCompaniesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capitalization Risk, Small-Capitalization Companies Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_CapitalizationRiskSmallCapitalizationCompaniesRiskMember" xlink:href="glx-20261104.xsd#glx_CapitalizationRiskSmallCapitalizationCompaniesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_CapitalizationRiskSmallCapitalizationCompaniesRiskMember" xlink:to="lab_glx_CapitalizationRiskSmallCapitalizationCompaniesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_FocusRiskRisksRelatedToInvestingInTheInformationTechnologySectorMember_label_en-US" xlink:label="lab_glx_FocusRiskRisksRelatedToInvestingInTheInformationTechnologySectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Focus Risk, Risks Related To Investing In The Information Technology Sector Member</link:label>
    <link:label id="lab_glx_FocusRiskRisksRelatedToInvestingInTheInformationTechnologySectorMember_documentation_en-US" xlink:label="lab_glx_FocusRiskRisksRelatedToInvestingInTheInformationTechnologySectorMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Focus Risk, Risks Related To Investing In The Information Technology Sector Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_FocusRiskRisksRelatedToInvestingInTheInformationTechnologySectorMember" xlink:href="glx-20261104.xsd#glx_FocusRiskRisksRelatedToInvestingInTheInformationTechnologySectorMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_FocusRiskRisksRelatedToInvestingInTheInformationTechnologySectorMember" xlink:to="lab_glx_FocusRiskRisksRelatedToInvestingInTheInformationTechnologySectorMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_FocusRiskMember_label_en-US" xlink:label="lab_glx_FocusRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Focus Risk Member</link:label>
    <link:label id="lab_glx_FocusRiskMember_documentation_en-US" xlink:label="lab_glx_FocusRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Focus Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_FocusRiskMember" xlink:href="glx-20261104.xsd#glx_FocusRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_FocusRiskMember" xlink:to="lab_glx_FocusRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_C000282018Member_label_en-US" xlink:label="lab_glx_C000282018Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global X China Semiconductor ETF Class</link:label>
    <link:label id="lab_glx_C000282018Member_documentation_en-US" xlink:label="lab_glx_C000282018Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Global X China Semiconductor ETF Class</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_C000282018Member" xlink:href="glx-20261104.xsd#glx_C000282018Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_C000282018Member" xlink:to="lab_glx_C000282018Member" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_S000110738Member_label_en-US" xlink:label="lab_glx_S000110738Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global X China Semiconductor ETF</link:label>
    <link:label id="lab_glx_S000110738Member_documentation_en-US" xlink:label="lab_glx_S000110738Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Global X China Semiconductor ETF</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_S000110738Member" xlink:href="glx-20261104.xsd#glx_S000110738Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_S000110738Member" xlink:to="lab_glx_S000110738Member" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_InternationalClosedMarketTradingRiskMember_label_en-US" xlink:label="lab_glx_InternationalClosedMarketTradingRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">International Closed Market Trading Risk Member</link:label>
    <link:label id="lab_glx_InternationalClosedMarketTradingRiskMember_documentation_en-US" xlink:label="lab_glx_InternationalClosedMarketTradingRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">International Closed Market Trading Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_InternationalClosedMarketTradingRiskMember" xlink:href="glx-20261104.xsd#glx_InternationalClosedMarketTradingRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_InternationalClosedMarketTradingRiskMember" xlink:to="lab_glx_InternationalClosedMarketTradingRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_TradingHaltRiskMember_label_en-US" xlink:label="lab_glx_TradingHaltRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Halt Risk Member</link:label>
    <link:label id="lab_glx_TradingHaltRiskMember_documentation_en-US" xlink:label="lab_glx_TradingHaltRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trading Halt Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_TradingHaltRiskMember" xlink:href="glx-20261104.xsd#glx_TradingHaltRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_TradingHaltRiskMember" xlink:to="lab_glx_TradingHaltRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_AssetClassRiskU.S.TreasuryObligationsRiskMember_label_en-US" xlink:label="lab_glx_AssetClassRiskU.S.TreasuryObligationsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Class Risk, U.S. Treasury Obligations Risk Member</link:label>
    <link:label id="lab_glx_AssetClassRiskU.S.TreasuryObligationsRiskMember_documentation_en-US" xlink:label="lab_glx_AssetClassRiskU.S.TreasuryObligationsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Class Risk, U.S. Treasury Obligations Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_AssetClassRiskU.S.TreasuryObligationsRiskMember" xlink:href="glx-20261104.xsd#glx_AssetClassRiskU.S.TreasuryObligationsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_AssetClassRiskU.S.TreasuryObligationsRiskMember" xlink:to="lab_glx_AssetClassRiskU.S.TreasuryObligationsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_CybersecurityRiskMember_label_en-US" xlink:label="lab_glx_CybersecurityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cybersecurity Risk Member</link:label>
    <link:label id="lab_glx_CybersecurityRiskMember_documentation_en-US" xlink:label="lab_glx_CybersecurityRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cybersecurity Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_CybersecurityRiskMember" xlink:href="glx-20261104.xsd#glx_CybersecurityRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_CybersecurityRiskMember" xlink:to="lab_glx_CybersecurityRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_MarketRiskMember_label_en-US" xlink:label="lab_glx_MarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market Risk Member</link:label>
    <link:label id="lab_glx_MarketRiskMember_documentation_en-US" xlink:label="lab_glx_MarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_MarketRiskMember" xlink:href="glx-20261104.xsd#glx_MarketRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_MarketRiskMember" xlink:to="lab_glx_MarketRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_RisksAssociatedWithExchangeTradedFundsMember_label_en-US" xlink:label="lab_glx_RisksAssociatedWithExchangeTradedFundsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds Member</link:label>
    <link:label id="lab_glx_RisksAssociatedWithExchangeTradedFundsMember_documentation_en-US" xlink:label="lab_glx_RisksAssociatedWithExchangeTradedFundsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_RisksAssociatedWithExchangeTradedFundsMember" xlink:href="glx-20261104.xsd#glx_RisksAssociatedWithExchangeTradedFundsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_RisksAssociatedWithExchangeTradedFundsMember" xlink:to="lab_glx_RisksAssociatedWithExchangeTradedFundsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_OperationalRiskMember_label_en-US" xlink:label="lab_glx_OperationalRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operational Risk Member</link:label>
    <link:label id="lab_glx_OperationalRiskMember_documentation_en-US" xlink:label="lab_glx_OperationalRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operational Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_OperationalRiskMember" xlink:href="glx-20261104.xsd#glx_OperationalRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_OperationalRiskMember" xlink:to="lab_glx_OperationalRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_CashTransactionRiskMember_label_en-US" xlink:label="lab_glx_CashTransactionRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Transaction Risk Member</link:label>
    <link:label id="lab_glx_CashTransactionRiskMember_documentation_en-US" xlink:label="lab_glx_CashTransactionRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Transaction Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_CashTransactionRiskMember" xlink:href="glx-20261104.xsd#glx_CashTransactionRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_CashTransactionRiskMember" xlink:to="lab_glx_CashTransactionRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_LiquidityRiskMember_label_en-US" xlink:label="lab_glx_LiquidityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liquidity Risk Member</link:label>
    <link:label id="lab_glx_LiquidityRiskMember_documentation_en-US" xlink:label="lab_glx_LiquidityRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liquidity Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_LiquidityRiskMember" xlink:href="glx-20261104.xsd#glx_LiquidityRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_LiquidityRiskMember" xlink:to="lab_glx_LiquidityRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_AssetClassRiskEquitySecuritiesRiskMember_label_en-US" xlink:label="lab_glx_AssetClassRiskEquitySecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Equity Securities Risk Member</link:label>
    <link:label id="lab_glx_AssetClassRiskEquitySecuritiesRiskMember_documentation_en-US" xlink:label="lab_glx_AssetClassRiskEquitySecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Equity Securities Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_AssetClassRiskEquitySecuritiesRiskMember" xlink:href="glx-20261104.xsd#glx_AssetClassRiskEquitySecuritiesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_AssetClassRiskEquitySecuritiesRiskMember" xlink:to="lab_glx_AssetClassRiskEquitySecuritiesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_GeographicRiskRiskOfInvestingInChinaMember_label_en-US" xlink:label="lab_glx_GeographicRiskRiskOfInvestingInChinaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographic Risk, Risk Of Investing In China Member</link:label>
    <link:label id="lab_glx_GeographicRiskRiskOfInvestingInChinaMember_documentation_en-US" xlink:label="lab_glx_GeographicRiskRiskOfInvestingInChinaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Risk, Risk Of Investing In China Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_GeographicRiskRiskOfInvestingInChinaMember" xlink:href="glx-20261104.xsd#glx_GeographicRiskRiskOfInvestingInChinaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_GeographicRiskRiskOfInvestingInChinaMember" xlink:to="lab_glx_GeographicRiskRiskOfInvestingInChinaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_ModelsAndDataRiskMember_label_en-US" xlink:label="lab_glx_ModelsAndDataRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Models And Data Risk Member</link:label>
    <link:label id="lab_glx_ModelsAndDataRiskMember_documentation_en-US" xlink:label="lab_glx_ModelsAndDataRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Models And Data Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_ModelsAndDataRiskMember" xlink:href="glx-20261104.xsd#glx_ModelsAndDataRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_ModelsAndDataRiskMember" xlink:to="lab_glx_ModelsAndDataRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_CounterpartyRiskMember_label_en-US" xlink:label="lab_glx_CounterpartyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Risk Member</link:label>
    <link:label id="lab_glx_CounterpartyRiskMember_documentation_en-US" xlink:label="lab_glx_CounterpartyRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Counterparty Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_CounterpartyRiskMember" xlink:href="glx-20261104.xsd#glx_CounterpartyRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_CounterpartyRiskMember" xlink:to="lab_glx_CounterpartyRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_CustodyRiskMember_label_en-US" xlink:label="lab_glx_CustodyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Custody Risk Member</link:label>
    <link:label id="lab_glx_CustodyRiskMember_documentation_en-US" xlink:label="lab_glx_CustodyRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Custody Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_CustodyRiskMember" xlink:href="glx-20261104.xsd#glx_CustodyRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_CustodyRiskMember" xlink:to="lab_glx_CustodyRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_GeographicRiskRiskOfInvestingInEmergingMarketsMember_label_en-US" xlink:label="lab_glx_GeographicRiskRiskOfInvestingInEmergingMarketsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographic Risk, Risk Of Investing In Emerging Markets Member</link:label>
    <link:label id="lab_glx_GeographicRiskRiskOfInvestingInEmergingMarketsMember_documentation_en-US" xlink:label="lab_glx_GeographicRiskRiskOfInvestingInEmergingMarketsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Risk, Risk Of Investing In Emerging Markets Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_GeographicRiskRiskOfInvestingInEmergingMarketsMember" xlink:href="glx-20261104.xsd#glx_GeographicRiskRiskOfInvestingInEmergingMarketsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_GeographicRiskRiskOfInvestingInEmergingMarketsMember" xlink:to="lab_glx_GeographicRiskRiskOfInvestingInEmergingMarketsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_RisksAssociatedWithExchangeTradedFundsMarketTradingRisksAndPremiumDiscountRisksMember_label_en-US" xlink:label="lab_glx_RisksAssociatedWithExchangeTradedFundsMarketTradingRisksAndPremiumDiscountRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Market Trading Risks And Premium/Discount Risks Member</link:label>
    <link:label id="lab_glx_RisksAssociatedWithExchangeTradedFundsMarketTradingRisksAndPremiumDiscountRisksMember_documentation_en-US" xlink:label="lab_glx_RisksAssociatedWithExchangeTradedFundsMarketTradingRisksAndPremiumDiscountRisksMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Market Trading Risks And Premium/Discount Risks Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_RisksAssociatedWithExchangeTradedFundsMarketTradingRisksAndPremiumDiscountRisksMember" xlink:href="glx-20261104.xsd#glx_RisksAssociatedWithExchangeTradedFundsMarketTradingRisksAndPremiumDiscountRisksMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_RisksAssociatedWithExchangeTradedFundsMarketTradingRisksAndPremiumDiscountRisksMember" xlink:to="lab_glx_RisksAssociatedWithExchangeTradedFundsMarketTradingRisksAndPremiumDiscountRisksMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_CapitalizationRiskMember_label_en-US" xlink:label="lab_glx_CapitalizationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalization Risk Member</link:label>
    <link:label id="lab_glx_CapitalizationRiskMember_documentation_en-US" xlink:label="lab_glx_CapitalizationRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capitalization Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_CapitalizationRiskMember" xlink:href="glx-20261104.xsd#glx_CapitalizationRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_CapitalizationRiskMember" xlink:to="lab_glx_CapitalizationRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_ForeignSecuritiesRiskMember_label_en-US" xlink:label="lab_glx_ForeignSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Securities Risk Member</link:label>
    <link:label id="lab_glx_ForeignSecuritiesRiskMember_documentation_en-US" xlink:label="lab_glx_ForeignSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign Securities Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_ForeignSecuritiesRiskMember" xlink:href="glx-20261104.xsd#glx_ForeignSecuritiesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_ForeignSecuritiesRiskMember" xlink:to="lab_glx_ForeignSecuritiesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_AssetClassRiskDerivativesRiskMember_label_en-US" xlink:label="lab_glx_AssetClassRiskDerivativesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Derivatives Risk Member</link:label>
    <link:label id="lab_glx_AssetClassRiskDerivativesRiskMember_documentation_en-US" xlink:label="lab_glx_AssetClassRiskDerivativesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Derivatives Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_AssetClassRiskDerivativesRiskMember" xlink:href="glx-20261104.xsd#glx_AssetClassRiskDerivativesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_AssetClassRiskDerivativesRiskMember" xlink:to="lab_glx_AssetClassRiskDerivativesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_TurnoverRiskMember_label_en-US" xlink:label="lab_glx_TurnoverRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Turnover Risk Member</link:label>
    <link:label id="lab_glx_TurnoverRiskMember_documentation_en-US" xlink:label="lab_glx_TurnoverRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Turnover Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_TurnoverRiskMember" xlink:href="glx-20261104.xsd#glx_TurnoverRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_TurnoverRiskMember" xlink:to="lab_glx_TurnoverRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_AssetClassRiskChinaASharesRiskMember_label_en-US" xlink:label="lab_glx_AssetClassRiskChinaASharesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Class Risk, China A-Shares Risk Member</link:label>
    <link:label id="lab_glx_AssetClassRiskChinaASharesRiskMember_documentation_en-US" xlink:label="lab_glx_AssetClassRiskChinaASharesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Class Risk, China A-Shares Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_AssetClassRiskChinaASharesRiskMember" xlink:href="glx-20261104.xsd#glx_AssetClassRiskChinaASharesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_AssetClassRiskChinaASharesRiskMember" xlink:to="lab_glx_AssetClassRiskChinaASharesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_glx_TaxRiskMember_label_en-US" xlink:label="lab_glx_TaxRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Risk Member</link:label>
    <link:label id="lab_glx_TaxRiskMember_documentation_en-US" xlink:label="lab_glx_TaxRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_glx_TaxRiskMember" xlink:href="glx-20261104.xsd#glx_TaxRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_glx_TaxRiskMember" xlink:to="lab_glx_TaxRiskMember" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
