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<!--  EDGAR Online I-Metrix Xcelerate Taxonomy Labels Linkbase, based on XBRL 2.1  http://www.edgar-online.com/  -->
<!--  Version: 6.10.2 -->
<!--  Round: c6feccee-3ffa-46f6-9082-fc2542ffc6f8 -->
<!--  Creation date: 2011-05-05T12:26:08Z -->
<!--  Copyright (c) 2005-2011 EDGAR Online, Inc. All Rights Reserved. -->
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentCreationDate_lbl" xml:lang="en-US">Document Creation Date</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentDomain_lbl" xml:lang="en-US">Prospectus</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentEffectiveDate_lbl" xml:lang="en-US">Document Effective Date</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentInformationDocumentAxis_lbl" xml:lang="en-US">Document [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationDocumentAxis" xlink:to="dei_DocumentInformationDocumentAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</label>
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    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Central Index Key</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityDomain_lbl" xml:lang="en-US">Series</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Registrant Name</label>
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    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US">Series [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd#rr_ProspectusDate" xlink:label="rr_ProspectusDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="rr_ProspectusDate_lbl" xml:lang="en-US">ProspectusDate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rr_ProspectusDate" xlink:to="rr_ProspectusDate_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="rr_ProspectusTable_lbl" xml:lang="en-US">Prospectus:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rr_ProspectusTable" xlink:to="rr_ProspectusTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd#rr_RiskHeading" xlink:label="rr_RiskHeading"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="rr_RiskHeading_lbl" xml:lang="en-US">Risk, Heading</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rr_RiskHeading" xlink:to="rr_RiskHeading_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="rr_RiskNarrativeTextBlock_lbl" xml:lang="en-US">Risk, Narrative</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd#rr_RiskReturnAbstract" xlink:label="rr_RiskReturnAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="rr_RiskReturnAbstract_lbl" xml:lang="en-US">Risk/Return:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rr_RiskReturnAbstract" xlink:to="rr_RiskReturnAbstract_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="rr_RiskReturnHeading_lbl" xml:lang="en-US">Risk/Return, Heading</label>
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    <loc xlink:type="locator" xlink:href="ck0001415845-20110502.xsd#ck0001415845_S000025230Member" xlink:label="ck0001415845_S000025230Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ck0001415845_S000025230Member_lbl" xml:lang="en-US">Grail American Beacon Large Cap Value ETF</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001415845_S000025230Member_lbl" xml:lang="en-US">S000025230 Member</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ck0001415845_S000025230Member_lbl" xml:lang="en-US">Grail American Beacon Large Cap Value ETF</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001415845_S000025230Member" xlink:to="ck0001415845_S000025230Member_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="rr_StrategyHeading_lbl" xml:lang="en-US">Investment Strategy, Heading</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="rr_StrategyNarrativeTextBlock_lbl" xml:lang="en-US">Investment Strategy, Narrative</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ck0001415845_SummaryS000025230Member_lbl" xml:lang="en-US">Grail American Beacon Large Cap Value ETF (Prospectus Summary)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001415845_SummaryS000025230Member_lbl" xml:lang="en-US">SummaryS000025230 Member</label>
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