Manulife Mutual Funds will merge several of its funds on Friday after receiving security holder approval to do so, the company has announced.

The Manulife U.S. Core Fund will be discontinued, and merged into the Manulife Mawer U.S. Equity Fund. The Manulife AIM Canadian First Class fund will be merged into the Manulife Canadian Equity Class, the Manulife F.I. Canadian Disciplined fund will join the Manulife Canadian Equity Class Equity Class, and the Manulife Trimark Global Class will merge into the Manulife Global Opportunities Class.

Each terminating fund shares similar investment objectives with the continuing funds, according to Manulife.

Each merger won the approval of the independent review committee of the funds in September, and received the approval of a majority of security holders on Dec. 10.

Security holders of the terminating funds did not have to approve the mergers, but were provided with advanced notice of the mergers.

IE