<?xml version="1.0" encoding="US-ASCII"?>  
<!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com -->    
<!-- Created: Tue Feb 17 22:18:57 UTC 2026 -->  
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">    
  <labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">    
    <loc xlink:type="locator" xlink:label="ck0001870117_doc_Capital_Group_Core_Bond_ETFMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_doc_Capital_Group_Core_Bond_ETFMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_doc_Capital_Group_Core_Bond_ETFMember_lbl" xml:lang="en-US">Capital Group Core Bond ETF</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_doc_Capital_Group_Core_Bond_ETFMember" xlink:to="ck0001870117_doc_Capital_Group_Core_Bond_ETFMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_doc_Capital_Group_Core_Plus_Income_ETFMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_doc_Capital_Group_Core_Plus_Income_ETFMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_doc_Capital_Group_Core_Plus_Income_ETFMember_lbl" xml:lang="en-US">Capital Group Core Plus Income ETF</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_doc_Capital_Group_Core_Plus_Income_ETFMember" xlink:to="ck0001870117_doc_Capital_Group_Core_Plus_Income_ETFMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ck0001870117_doc_Capital_Group_High_Yield_Bond_ETFMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_doc_Capital_Group_High_Yield_Bond_ETFMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_doc_Capital_Group_High_Yield_Bond_ETFMember_lbl" xml:lang="en-US">Capital Group High Yield Bond ETF</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_doc_Capital_Group_High_Yield_Bond_ETFMember" xlink:to="ck0001870117_doc_Capital_Group_High_Yield_Bond_ETFMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ck0001870117_doc_Capital_Group_International_Bond_ETF_USDHedgedMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_doc_Capital_Group_International_Bond_ETF_USDHedgedMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_doc_Capital_Group_International_Bond_ETF_USDHedgedMember_lbl" xml:lang="en-US">Capital Group International Bond ETF (USD-Hedged)</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_doc_Capital_Group_International_Bond_ETF_USDHedgedMember" xlink:to="ck0001870117_doc_Capital_Group_International_Bond_ETF_USDHedgedMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_doc_Capital_Group_Municipal_HighIncome_ETFMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_doc_Capital_Group_Municipal_HighIncome_ETFMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_doc_Capital_Group_Municipal_HighIncome_ETFMember_lbl" xml:lang="en-US">Capital Group Municipal High-Income ETF</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_doc_Capital_Group_Municipal_HighIncome_ETFMember" xlink:to="ck0001870117_doc_Capital_Group_Municipal_HighIncome_ETFMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ck0001870117_doc_Capital_Group_Municipal_Income_ETFMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_doc_Capital_Group_Municipal_Income_ETFMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_doc_Capital_Group_Municipal_Income_ETFMember_lbl" xml:lang="en-US">Capital Group Municipal Income ETF</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_doc_Capital_Group_Municipal_Income_ETFMember" xlink:to="ck0001870117_doc_Capital_Group_Municipal_Income_ETFMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ck0001870117_doc_Capital_Group_Short_Duration_Income_ETFMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_doc_Capital_Group_Short_Duration_Income_ETFMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_doc_Capital_Group_Short_Duration_Income_ETFMember_lbl" xml:lang="en-US">Capital Group Short Duration Income ETF</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_doc_Capital_Group_Short_Duration_Income_ETFMember" xlink:to="ck0001870117_doc_Capital_Group_Short_Duration_Income_ETFMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ck0001870117_doc_Capital_Group_Short_Duration_Municipal_Income_ETFMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_doc_Capital_Group_Short_Duration_Municipal_Income_ETFMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_doc_Capital_Group_Short_Duration_Municipal_Income_ETFMember_lbl" xml:lang="en-US">Capital Group Short Duration Municipal Income ETF</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_doc_Capital_Group_Short_Duration_Municipal_Income_ETFMember" xlink:to="ck0001870117_doc_Capital_Group_Short_Duration_Municipal_Income_ETFMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ck0001870117_doc_Capital_Group_Ultra_Short_Income_ETFMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_doc_Capital_Group_Ultra_Short_Income_ETFMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_doc_Capital_Group_Ultra_Short_Income_ETFMember_lbl" xml:lang="en-US">Capital Group Ultra Short Income ETF</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_doc_Capital_Group_Ultra_Short_Income_ETFMember" xlink:to="ck0001870117_doc_Capital_Group_Ultra_Short_Income_ETFMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_doc_Capital_Group_US_MultiSector_Income_ETFMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_doc_Capital_Group_US_MultiSector_Income_ETFMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_doc_Capital_Group_US_MultiSector_Income_ETFMember_lbl" xml:lang="en-US">Capital Group U.S. Multi-Sector Income ETF</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_doc_Capital_Group_US_MultiSector_Income_ETFMember" xlink:to="ck0001870117_doc_Capital_Group_US_MultiSector_Income_ETFMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ck0001870117_S000080918Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_S000080918Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_S000080918Member_lbl" xml:lang="en-US">Capital Group Core Bond ETF</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_S000080918Member" xlink:to="ck0001870117_S000080918Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_S000074251Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_S000074251Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_S000074251Member_lbl" xml:lang="en-US">Capital Group Core Plus Income ETF</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_S000074251Member" xlink:to="ck0001870117_S000074251Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_S000092698Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_S000092698Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_S000092698Member_lbl" xml:lang="en-US">Capital Group High Yield Bond ETF</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_S000092698Member" xlink:to="ck0001870117_S000092698Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_S000085083Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_S000085083Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_S000085083Member_lbl" xml:lang="en-US">Capital Group International Bond ETF (USD-Hedged)</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_S000085083Member" xlink:to="ck0001870117_S000085083Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_S000085084Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_S000085084Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_S000085084Member_lbl" xml:lang="en-US">Capital Group Municipal High-Income ETF</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_S000085084Member" xlink:to="ck0001870117_S000085084Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_S000077686Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_S000077686Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_S000077686Member_lbl" xml:lang="en-US">Capital Group Municipal Income ETF</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_S000077686Member" xlink:to="ck0001870117_S000077686Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_S000077687Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_S000077687Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_S000077687Member_lbl" xml:lang="en-US">Capital Group Short Duration Income ETF</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_S000077687Member" xlink:to="ck0001870117_S000077687Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_S000080919Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_S000080919Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_S000080919Member_lbl" xml:lang="en-US">Capital Group Short Duration Municipal Income ETF</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_S000080919Member" xlink:to="ck0001870117_S000080919Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_S000085085Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_S000085085Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_S000085085Member_lbl" xml:lang="en-US">Capital Group Ultra Short Income ETF</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_S000085085Member" xlink:to="ck0001870117_S000085085Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_S000077688Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_S000077688Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_S000077688Member_lbl" xml:lang="en-US">Capital Group U.S. Multi-Sector Income ETF</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_S000077688Member" xlink:to="ck0001870117_S000077688Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_C000243509Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_C000243509Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_C000243509Member_lbl" xml:lang="en-US">Share Class</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_C000243509Member" xlink:to="ck0001870117_C000243509Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_C000231860Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_C000231860Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_C000231860Member_lbl" xml:lang="en-US">Share Class</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_C000231860Member" xlink:to="ck0001870117_C000231860Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_C000260733Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_C000260733Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_C000260733Member_lbl" xml:lang="en-US">Share class</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_C000260733Member" xlink:to="ck0001870117_C000260733Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_C000249947Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_C000249947Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_C000249947Member_lbl" xml:lang="en-US">Share class</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_C000249947Member" xlink:to="ck0001870117_C000249947Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_C000249948Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_C000249948Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_C000249948Member_lbl" xml:lang="en-US">Share class</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_C000249948Member" xlink:to="ck0001870117_C000249948Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_C000238174Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_C000238174Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_C000238174Member_lbl" xml:lang="en-US">Share Class</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_C000238174Member" xlink:to="ck0001870117_C000238174Member_lbl"/>    
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_C000238175Member_lbl" xml:lang="en-US">Share Class</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_C000238175Member" xlink:to="ck0001870117_C000238175Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_C000243510Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_C000243510Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_C000243510Member_lbl" xml:lang="en-US">Share Class</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_C000243510Member" xlink:to="ck0001870117_C000243510Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_C000249949Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_C000249949Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_C000249949Member_lbl" xml:lang="en-US">Share class</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_C000249949Member" xlink:to="ck0001870117_C000249949Member_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_C000238176Member" xlink:href="ck0001870117-20260227.xsd#ck0001870117_C000238176Member"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_C000238176Member_lbl" xml:lang="en-US">Share Class</label>  
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_MarketConditionsMember_lbl" xml:lang="en-US">Market conditions [Member]</label>   
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    <loc xlink:type="locator" xlink:label="ck0001870117_IssuerRisksMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_IssuerRisksMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_IssuerRisksMember_lbl" xml:lang="en-US">Issuer risks [Member]</label>   
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    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInMunicipalSecuritiesMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInMunicipalSecuritiesMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInMunicipalSecuritiesMember_lbl" xml:lang="en-US">Investing in municipal securities [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInMunicipalSecuritiesMember" xlink:to="ck0001870117_InvestingInMunicipalSecuritiesMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_AlternativeMinimumTaxMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_AlternativeMinimumTaxMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_AlternativeMinimumTaxMember_lbl" xml:lang="en-US">Alternative minimum tax [Member]</label>    
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    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInDebtInstrumentsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInDebtInstrumentsMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInDebtInstrumentsMember_lbl" xml:lang="en-US">Investing in debt instruments [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInDebtInstrumentsMember" xlink:to="ck0001870117_InvestingInDebtInstrumentsMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInCashEquivalentsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInCashEquivalentsMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInCashEquivalentsMember_lbl" xml:lang="en-US">Investing in cash equivalents [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInCashEquivalentsMember" xlink:to="ck0001870117_InvestingInCashEquivalentsMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInFinancialsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInFinancialsMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInFinancialsMember_lbl" xml:lang="en-US">Investing in financials [Member]</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInFinancialsMember" xlink:to="ck0001870117_InvestingInFinancialsMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInLowerRatedDebtInstrumentsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInLowerRatedDebtInstrumentsMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInLowerRatedDebtInstrumentsMember_lbl" xml:lang="en-US">Investing in lower rated debt instruments [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInLowerRatedDebtInstrumentsMember" xlink:to="ck0001870117_InvestingInLowerRatedDebtInstrumentsMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInSimilarMunicipalBondsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInSimilarMunicipalBondsMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInSimilarMunicipalBondsMember_lbl" xml:lang="en-US">Investing in similar municipal bonds [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInSimilarMunicipalBondsMember" xlink:to="ck0001870117_InvestingInSimilarMunicipalBondsMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ck0001870117_InsuredMunicipalBondsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InsuredMunicipalBondsMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InsuredMunicipalBondsMember_lbl" xml:lang="en-US">Insured municipal bonds [Member]</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InsuredMunicipalBondsMember" xlink:to="ck0001870117_InsuredMunicipalBondsMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInMortgagerelatedAndOtherAssetbackedSecuritiesMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInMortgagerelatedAndOtherAssetbackedSecuritiesMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInMortgagerelatedAndOtherAssetbackedSecuritiesMember_lbl" xml:lang="en-US">Investing in mortgage-related and other asset-backed securities [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInMortgagerelatedAndOtherAssetbackedSecuritiesMember" xlink:to="ck0001870117_InvestingInMortgagerelatedAndOtherAssetbackedSecuritiesMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInDebtSecuritiesOfSovereignMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInDebtSecuritiesOfSovereignMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInDebtSecuritiesOfSovereignMember_lbl" xml:lang="en-US">Investing in debt securities of sovereign [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInDebtSecuritiesOfSovereignMember" xlink:to="ck0001870117_InvestingInDebtSecuritiesOfSovereignMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInSecuritiesBackedByTheUSGovernmentMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInSecuritiesBackedByTheUSGovernmentMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInSecuritiesBackedByTheUSGovernmentMember_lbl" xml:lang="en-US">Investing in securities backed by the U.S. government [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInSecuritiesBackedByTheUSGovernmentMember" xlink:to="ck0001870117_InvestingInSecuritiesBackedByTheUSGovernmentMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInAssetbackedSecuritiesMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInAssetbackedSecuritiesMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInAssetbackedSecuritiesMember_lbl" xml:lang="en-US">Investing in asset-backed securities [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInAssetbackedSecuritiesMember" xlink:to="ck0001870117_InvestingInAssetbackedSecuritiesMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ck0001870117_LiquidityRiskMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_LiquidityRiskMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity risk [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_LiquidityRiskMember" xlink:to="ck0001870117_LiquidityRiskMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ck0001870117_CreditAndLiquiditySupportMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_CreditAndLiquiditySupportMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_CreditAndLiquiditySupportMember_lbl" xml:lang="en-US">Credit and liquidity support [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_CreditAndLiquiditySupportMember" xlink:to="ck0001870117_CreditAndLiquiditySupportMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingOutsideTheUnitedStatesMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingOutsideTheUnitedStatesMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingOutsideTheUnitedStatesMember_lbl" xml:lang="en-US">Investing outside the United States [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingOutsideTheUnitedStatesMember" xlink:to="ck0001870117_InvestingOutsideTheUnitedStatesMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInEmergingMarketsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInEmergingMarketsMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInEmergingMarketsMember_lbl" xml:lang="en-US">Investing in emerging markets [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInEmergingMarketsMember" xlink:to="ck0001870117_InvestingInEmergingMarketsMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_CurrencyMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_CurrencyMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_CurrencyMember_lbl" xml:lang="en-US">Currency [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_CurrencyMember" xlink:to="ck0001870117_CurrencyMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ck0001870117_CurrencyHedgingRiskMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_CurrencyHedgingRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_CurrencyHedgingRiskMember_lbl" xml:lang="en-US">Currency hedging risk [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_CurrencyHedgingRiskMember" xlink:to="ck0001870117_CurrencyHedgingRiskMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestmentsInFutureDeliveryContractsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestmentsInFutureDeliveryContractsMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestmentsInFutureDeliveryContractsMember_lbl" xml:lang="en-US">Investments in future delivery contracts [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestmentsInFutureDeliveryContractsMember" xlink:to="ck0001870117_InvestmentsInFutureDeliveryContractsMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInFuturesContractsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInFuturesContractsMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInFuturesContractsMember_lbl" xml:lang="en-US">Investing in futures contracts [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInFuturesContractsMember" xlink:to="ck0001870117_InvestingInFuturesContractsMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInInflationlinkedBondsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInInflationlinkedBondsMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInInflationlinkedBondsMember_lbl" xml:lang="en-US">Investing in inflation-linked bonds [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInInflationlinkedBondsMember" xlink:to="ck0001870117_InvestingInInflationlinkedBondsMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_InvestingInDerivativesMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_InvestingInDerivativesMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_InvestingInDerivativesMember_lbl" xml:lang="en-US">Investing in derivatives [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_InvestingInDerivativesMember" xlink:to="ck0001870117_InvestingInDerivativesMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ck0001870117_CurrencyTransactionsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_CurrencyTransactionsMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_CurrencyTransactionsMember_lbl" xml:lang="en-US">Currency transactions [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_CurrencyTransactionsMember" xlink:to="ck0001870117_CurrencyTransactionsMember_lbl"/>    
    <loc xlink:type="locator" xlink:label="ck0001870117_ExposureToCountryRegionIndustryOrSectorMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_ExposureToCountryRegionIndustryOrSectorMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_ExposureToCountryRegionIndustryOrSectorMember_lbl" xml:lang="en-US">Exposure to country, region, industry or sector [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_ExposureToCountryRegionIndustryOrSectorMember" xlink:to="ck0001870117_ExposureToCountryRegionIndustryOrSectorMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ck0001870117_PortfolioTurnoverMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_PortfolioTurnoverMember"/>    
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_PortfolioTurnoverMember_lbl" xml:lang="en-US">Portfolio turnover [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_PortfolioTurnoverMember" xlink:to="ck0001870117_PortfolioTurnoverMember_lbl"/>   
    <loc xlink:type="locator" xlink:label="ck0001870117_MarketTradingMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_MarketTradingMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_MarketTradingMember_lbl" xml:lang="en-US">Market trading [Member]</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_MarketTradingMember" xlink:to="ck0001870117_MarketTradingMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ck0001870117_AuthorizedParticipantConcentrationMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_AuthorizedParticipantConcentrationMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_AuthorizedParticipantConcentrationMember_lbl" xml:lang="en-US">Authorized Participant concentration [Member]</label>     
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_AuthorizedParticipantConcentrationMember" xlink:to="ck0001870117_AuthorizedParticipantConcentrationMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ck0001870117_CashTransactionsMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_CashTransactionsMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_CashTransactionsMember_lbl" xml:lang="en-US">Cash transactions [Member]</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_CashTransactionsMember" xlink:to="ck0001870117_CashTransactionsMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="us-gaap_InterestRateRiskMember" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestRateRiskMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestRateRiskMember_lbl" xml:lang="en-US">Interest Rate Risk [Member]</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateRiskMember" xlink:to="us-gaap_InterestRateRiskMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="srt_ManagementMember" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ManagementMember"/>     
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ManagementMember_lbl" xml:lang="en-US">Management [Member]</label> 
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ManagementMember" xlink:to="srt_ManagementMember_lbl"/> 
    <loc xlink:type="locator" xlink:label="ck0001870117_index_Bloomberg_US_Aggregate_Index_reflects_no_deduction_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_index_Bloomberg_US_Aggregate_Index_reflects_no_deduction_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember"/> 
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_index_Bloomberg_US_Aggregate_Index_reflects_no_deduction_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember_lbl" xml:lang="en-US">Bloomberg U.S. Aggregate Index (reflects no deduction for sales charges, account fees, expenses or U.S. federal income taxes)</label>    
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_index_Bloomberg_US_Aggregate_Index_reflects_no_deduction_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember" xlink:to="ck0001870117_index_Bloomberg_US_Aggregate_Index_reflects_no_deduction_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember_lbl"/>     
    <loc xlink:type="locator" xlink:label="ck0001870117_index_Bloomberg_Global_Aggregate_exUSD_USD_Hedged_Index_reflects_no_deduction_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_index_Bloomberg_Global_Aggregate_exUSD_USD_Hedged_Index_reflects_no_deduction_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember"/>   
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_index_Bloomberg_Global_Aggregate_exUSD_USD_Hedged_Index_reflects_no_deduction_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember_lbl" xml:lang="en-US">Bloomberg Global Aggregate ex-USD (USD Hedged) Index (reflects no deduction for sales charges, account fees, expenses or U.S. federal income taxes)</label>  
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_index_Bloomberg_Global_Aggregate_exUSD_USD_Hedged_Index_reflects_no_deduction_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember" xlink:to="ck0001870117_index_Bloomberg_Global_Aggregate_exUSD_USD_Hedged_Index_reflects_no_deduction_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember_lbl"/>  
    <loc xlink:type="locator" xlink:label="ck0001870117_index_Bloomberg_Municipal_Bond_Index_reflects_no_deductions_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember" xlink:href="ck0001870117-20260227.xsd#ck0001870117_index_Bloomberg_Municipal_Bond_Index_reflects_no_deductions_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember"/>  
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001870117_index_Bloomberg_Municipal_Bond_Index_reflects_no_deductions_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember_lbl" xml:lang="en-US">Bloomberg Municipal Bond Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)</label>   
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001870117_index_Bloomberg_Municipal_Bond_Index_reflects_no_deductions_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember" xlink:to="ck0001870117_index_Bloomberg_Municipal_Bond_Index_reflects_no_deductions_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember_lbl"/> 
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