Innovator Announces Shareholder Approval for ETF Reorganizations

Innovator IBD Breakout Opportunities ETF and Innovator IBD 50 ETF to be reorganized into new Capital-Force ETF Trust funds

Apr. 10, 2026 at 10:58pm

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A high-contrast, cinematic close-up of the internal gears, circuits, and mechanical components of a financial trading platform, representing the complex infrastructure powering modern finance.The reorganization of Innovator's ETF lineup reflects the firm's commitment to streamlining its product offerings and optimizing its operational infrastructure.Wheaton Today

Innovator Capital Management, LLC announced the results of a special shareholder meeting, where investors approved the reorganization of the Innovator IBD Breakout Opportunities ETF and Innovator IBD 50 ETF into corresponding newly-created series of the Capital-Force ETF Trust. The reorganizations are expected to close by the end of April 2026, subject to customary closing conditions.

Why it matters

The reorganizations will allow Innovator to consolidate and streamline its ETF offerings, potentially providing operational efficiencies and cost savings. As a leading active ETF sponsor, Innovator's ability to adapt its product lineup is important for maintaining its competitive position in the rapidly evolving ETF market.

The details

Under the approved reorganization plan, the assets and liabilities of the Innovator IBD Breakout Opportunities ETF and Innovator IBD 50 ETF will be transferred to newly-created series of the Capital-Force ETF Trust. Shareholders of the target funds will receive shares of the corresponding acquiring funds with a value equal to the net asset value of their current holdings.

  • The special shareholder meeting was held on April 10, 2026.
  • The reorganizations are expected to close by the end of April 2026, subject to customary closing conditions.

The players

Innovator Capital Management, LLC

A leading active ETF sponsor and the pioneer of outcome-based ETFs, managing 171 ETFs with approximately $31 billion in assets under management as of February 28, 2026.

Capital-Force ETF Trust

The trust that will be the new home for the reorganized Innovator IBD Breakout Opportunities ETF and Innovator IBD 50 ETF.

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What’s next

Subject to the satisfaction of certain customary closing conditions, the Reorganizations are expected to close by the end of April 2026.

The takeaway

The approved reorganizations will allow Innovator to streamline its ETF lineup and potentially achieve operational efficiencies, as the firm continues to innovate and expand its leading position in the active ETF market.