AGREEMENT AND PLAN OF REORGANIZATION AND EXCHANGEAgreement and Plan of Reorganization and Exchange • January 31st, 2011 • Brandes Investment Trust • Delaware
THIS AGREEMENT AND PLAN OF REORGANIZATION AND EXCHANGE (“Agreement”) is made effective as of this 11th day of November, 2010, by and between Brandes Investment Trust (“Public Trust”), a Delaware statutory trust with its principal place of business at 11988 El Camino Real, Suite 500, San Diego, California 92130, on behalf of Brandes Institutional Emerging Markets Fund (“Acquiring Fund”), a separate series of the Public Trust; Brandes Institutional Equity Trust (“Private Trust”), a Delaware statutory trust with its principal place of business at 11988 El Camino Real, Suite 500, San Diego, California 92130, on behalf of Brandes Emerging Markets Equity Portfolio (“Acquired Fund”), a separate series of the Private Trust; and Brandes Investment Partners, L.P. (“Brandes”) as Investment Manager under the Private Trust. The term “Acquiring Fund” is used herein, as the context requires, to refer to the Public Trust, or the Acquiring Fund, or both, and the term “Acquired Fund” is used herein, as
