The trustees of John Hancock Funds III on Monday gave their green signal to a plan to liquidate the John Hancock Value Opportunities Fund.

"In approving the Plan, the Board considered the Fund's inability to maintain an economically viable size," read the SEC filing.

The mutual fund has $13.8 million of AUM, according to Morningstar.

The fund will no longer take in money from new investors after December 23 and it will no longer allow existing shareholders to buy more shares after January 28. The liquidation will take place on or around February 11. 

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