<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com -->
<!-- Created: Wed Apr 29 17:22:54 UTC 2026 -->
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_WireFee_lbl" xml:lang="en-US">Wire fee</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_WireFee" xlink:to="ck0001318342_WireFee_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_OvernightCheckDeliveryFee" xlink:href="ck0001318342-20251231.xsd#ck0001318342_OvernightCheckDeliveryFee"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_OvernightCheckDeliveryFee_lbl" xml:lang="en-US">Overnight check delivery fee</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_OvernightCheckDeliveryFee" xlink:to="ck0001318342_OvernightCheckDeliveryFee_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_RetirementAccountFees" xlink:href="ck0001318342-20251231.xsd#ck0001318342_RetirementAccountFees"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_RetirementAccountFees_lbl" xml:lang="en-US">Retirement account fees (annual maintenance fee)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_RetirementAccountFees" xlink:to="ck0001318342_RetirementAccountFees_lbl"/>
    <loc xlink:type="locator" xlink:label="oef_Component1OtherExpensesOverAssets" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_Component1OtherExpensesOverAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oef_Component1OtherExpensesOverAssets_lbl" xml:lang="en-US">Shareholder service fee</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_Component1OtherExpensesOverAssets" xlink:to="oef_Component1OtherExpensesOverAssets_lbl" priority="1"/>
    <loc xlink:type="locator" xlink:label="label_Component1OtherExpensesOverAssets_taxonomy_label" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025_lab.xsd#label_Component1OtherExpensesOverAssets"/>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_Component1OtherExpensesOverAssets" xlink:to="label_Component1OtherExpensesOverAssets_taxonomy_label" use="prohibited"/>
    <loc xlink:type="locator" xlink:label="oef_Component2OtherExpensesOverAssets" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_Component2OtherExpensesOverAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oef_Component2OtherExpensesOverAssets_lbl" xml:lang="en-US">Dividends and interest expense on short sales</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_Component2OtherExpensesOverAssets" xlink:to="oef_Component2OtherExpensesOverAssets_lbl" priority="1"/>
    <loc xlink:type="locator" xlink:label="label_Component2OtherExpensesOverAssets_taxonomy_label" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025_lab.xsd#label_Component2OtherExpensesOverAssets"/>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_Component2OtherExpensesOverAssets" xlink:to="label_Component2OtherExpensesOverAssets_taxonomy_label" use="prohibited"/>
    <loc xlink:type="locator" xlink:label="oef_Component3OtherExpensesOverAssets" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_Component3OtherExpensesOverAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oef_Component3OtherExpensesOverAssets_lbl" xml:lang="en-US">All other expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_Component3OtherExpensesOverAssets" xlink:to="oef_Component3OtherExpensesOverAssets_lbl" priority="1"/>
    <loc xlink:type="locator" xlink:label="label_Component3OtherExpensesOverAssets_taxonomy_label" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025_lab.xsd#label_Component3OtherExpensesOverAssets"/>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_Component3OtherExpensesOverAssets" xlink:to="label_Component3OtherExpensesOverAssets_taxonomy_label" use="prohibited"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_S000052270Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_S000052270Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_S000052270Member_lbl" xml:lang="en-US">BRAMSHILL MULTI-STRATEGY INCOME FUND</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_S000052270Member" xlink:to="ck0001318342_S000052270Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_S000084477Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_S000084477Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_S000084477Member_lbl" xml:lang="en-US">GRAMERCY EMERGING MARKETS DEBT FUND</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_S000084477Member" xlink:to="ck0001318342_S000084477Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_S000052274Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_S000052274Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_S000052274Member_lbl" xml:lang="en-US">ROBINSON OPPORTUNISTIC INCOME FUND</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_S000052274Member" xlink:to="ck0001318342_S000052274Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_S000046847Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_S000046847Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_S000046847Member_lbl" xml:lang="en-US">ROBINSON TAX ADVANTAGED INCOME FUND</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_S000046847Member" xlink:to="ck0001318342_S000046847Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000164379Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000164379Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000164379Member_lbl" xml:lang="en-US">Class A Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000164379Member" xlink:to="ck0001318342_C000164379Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000164380Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000164380Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000164380Member_lbl" xml:lang="en-US">Class C Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000164380Member" xlink:to="ck0001318342_C000164380Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000164381Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000164381Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000164381Member_lbl" xml:lang="en-US">Institutional Class Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000164381Member" xlink:to="ck0001318342_C000164381Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000248864Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000248864Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000248864Member_lbl" xml:lang="en-US">Class A Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000248864Member" xlink:to="ck0001318342_C000248864Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000248865Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000248865Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000248865Member_lbl" xml:lang="en-US">Class C Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000248865Member" xlink:to="ck0001318342_C000248865Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000248863Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000248863Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000248863Member_lbl" xml:lang="en-US">Institutional Class Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000248863Member" xlink:to="ck0001318342_C000248863Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000164392Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000164392Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000164392Member_lbl" xml:lang="en-US">Class A Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000164392Member" xlink:to="ck0001318342_C000164392Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000164393Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000164393Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000164393Member_lbl" xml:lang="en-US">Class C Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000164393Member" xlink:to="ck0001318342_C000164393Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000164394Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000164394Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000164394Member_lbl" xml:lang="en-US">Institutional Class Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000164394Member" xlink:to="ck0001318342_C000164394Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000146391Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000146391Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000146391Member_lbl" xml:lang="en-US">Class A Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000146391Member" xlink:to="ck0001318342_C000146391Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000146392Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000146392Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000146392Member_lbl" xml:lang="en-US">Class C Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000146392Member" xlink:to="ck0001318342_C000146392Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_C000146393Member" xlink:href="ck0001318342-20251231.xsd#ck0001318342_C000146393Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_C000146393Member_lbl" xml:lang="en-US">Institutional Class Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_C000146393Member" xlink:to="ck0001318342_C000146393Member_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_MarketRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_MarketRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_MarketRiskMember_lbl" xml:lang="en-US">Market Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_MarketRiskMember" xlink:to="ck0001318342_MarketRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_RecentMarketEventsMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_RecentMarketEventsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_RecentMarketEventsMember_lbl" xml:lang="en-US">Recent Market Events [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_RecentMarketEventsMember" xlink:to="ck0001318342_RecentMarketEventsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_FixedIncomeSecuritiesRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_FixedIncomeSecuritiesRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_FixedIncomeSecuritiesRiskMember_lbl" xml:lang="en-US">Fixed Income Securities Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_FixedIncomeSecuritiesRiskMember" xlink:to="ck0001318342_FixedIncomeSecuritiesRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_ForeignInvestmentRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_ForeignInvestmentRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_ForeignInvestmentRiskMember_lbl" xml:lang="en-US">Foreign Investment Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_ForeignInvestmentRiskMember" xlink:to="ck0001318342_ForeignInvestmentRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_EmergingMarketsRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_EmergingMarketsRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_EmergingMarketsRiskMember_lbl" xml:lang="en-US">Emerging Markets Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_EmergingMarketsRiskMember" xlink:to="ck0001318342_EmergingMarketsRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_HighYieldMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_HighYieldMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_HighYieldMember_lbl" xml:lang="en-US">High Yield ( [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_HighYieldMember" xlink:to="ck0001318342_HighYieldMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_HighYieldJunkBondRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_HighYieldJunkBondRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_HighYieldJunkBondRiskMember_lbl" xml:lang="en-US">High Yield (&#8220;Junk&#8221;) Bond Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_HighYieldJunkBondRiskMember" xlink:to="ck0001318342_HighYieldJunkBondRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_CEFsRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_CEFsRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_CEFsRiskMember_lbl" xml:lang="en-US">CEFs Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_CEFsRiskMember" xlink:to="ck0001318342_CEFsRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_USTreasuryFuturesContractsHedgeRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_USTreasuryFuturesContractsHedgeRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_USTreasuryFuturesContractsHedgeRiskMember_lbl" xml:lang="en-US">U.S. Treasury Futures Contracts Hedge Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_USTreasuryFuturesContractsHedgeRiskMember" xlink:to="ck0001318342_USTreasuryFuturesContractsHedgeRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_SecuritizedProductsRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_SecuritizedProductsRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_SecuritizedProductsRiskMember_lbl" xml:lang="en-US">Securitized Products Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_SecuritizedProductsRiskMember" xlink:to="ck0001318342_SecuritizedProductsRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_BankLoanRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_BankLoanRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_BankLoanRiskMember_lbl" xml:lang="en-US">Bank Loan Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_BankLoanRiskMember" xlink:to="ck0001318342_BankLoanRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_ConvertibleSecuritiesRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_ConvertibleSecuritiesRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_ConvertibleSecuritiesRiskMember_lbl" xml:lang="en-US">Convertible Securities Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_ConvertibleSecuritiesRiskMember" xlink:to="ck0001318342_ConvertibleSecuritiesRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_ForeignSovereignDebtRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_ForeignSovereignDebtRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_ForeignSovereignDebtRiskMember_lbl" xml:lang="en-US">Foreign Sovereign Debt Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_ForeignSovereignDebtRiskMember" xlink:to="ck0001318342_ForeignSovereignDebtRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_CurrencyRiskMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_CurrencyRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_CurrencyRiskMember_lbl" xml:lang="en-US">Currency Risk [Member]</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_ETFRiskMember" xlink:to="ck0001318342_ETFRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_RepurchaseAgreementsRiskMember" xlink:to="ck0001318342_RepurchaseAgreementsRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_LeveragingRiskMember" xlink:to="ck0001318342_LeveragingRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_DerivativesRiskMember" xlink:to="ck0001318342_DerivativesRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_MunicipalBondsRiskMember" xlink:to="ck0001318342_MunicipalBondsRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_EquityRiskMember" xlink:to="ck0001318342_EquityRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_PreferredStockRiskMember" xlink:to="ck0001318342_PreferredStockRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_SPACsRiskMember" xlink:to="ck0001318342_SPACsRiskMember_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_ETFAndMutualFundRiskMember_lbl" xml:lang="en-US">ETF and Mutual Fund Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_ETFAndMutualFundRiskMember" xlink:to="ck0001318342_ETFAndMutualFundRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_ETNRiskMember" xlink:to="ck0001318342_ETNRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_TaxRiskMember" xlink:to="ck0001318342_TaxRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_OptionsRiskMember" xlink:to="ck0001318342_OptionsRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_SwapsRiskMember" xlink:to="ck0001318342_SwapsRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_ShortSalesRiskMember" xlink:to="ck0001318342_ShortSalesRiskMember_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_FuturesRiskMember" xlink:to="ck0001318342_FuturesRiskMember_lbl"/>
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    <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"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CreditRiskMember_lbl" xml:lang="en-US">Credit Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditRiskMember" xlink:to="us-gaap_CreditRiskMember_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_index_Bloomberg_Aggregate_Bond_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember_lbl" xml:lang="en-US">Bloomberg Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_index_Bloomberg_Aggregate_Bond_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember" xlink:to="ck0001318342_index_Bloomberg_Aggregate_Bond_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_index_ICE_BofA_US_Cash_Pay_High_Yield_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_index_ICE_BofA_US_Cash_Pay_High_Yield_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_index_ICE_BofA_US_Cash_Pay_High_Yield_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember_lbl" xml:lang="en-US">ICE BofA US Cash Pay High Yield Index (reflects no deduction for fees, expenses or taxes)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001318342_index_ICE_BofA_US_Cash_Pay_High_Yield_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember" xlink:to="ck0001318342_index_ICE_BofA_US_Cash_Pay_High_Yield_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001318342_index_JP_Morgan_EM_Blend_Equal_Weighted_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_index_JP_Morgan_EM_Blend_Equal_Weighted_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember"/>
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    <loc xlink:type="locator" xlink:label="ck0001318342_index_Bloomberg_Global_Aggregate_Credit_Index_Reflects_No_Deductions_for_Fees_Expenses_or_TaxesMember" xlink:href="ck0001318342-20251231.xsd#ck0001318342_index_Bloomberg_Global_Aggregate_Credit_Index_Reflects_No_Deductions_for_Fees_Expenses_or_TaxesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001318342_index_Bloomberg_Global_Aggregate_Credit_Index_Reflects_No_Deductions_for_Fees_Expenses_or_TaxesMember_lbl" xml:lang="en-US">Bloomberg Global Aggregate Credit Index (Reflects No Deductions for Fees, Expenses or Taxes)</label>
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