# EDGAR Filing Document

**Accession Number:** 0000824036
**File Stem:** 0001410368-25-023249
**Filing Date:** 2025-11
**Character Count:** 55813
**Document Hash:** 62c9187e15d94c5369ab8dcf4fd00c7a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-023249.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001410368-25-023249

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RUSSELL INVESTMENT FUNDS
- **CENTRAL INDEX KEY:** 0000824036

**ORGANIZATION NAME:**
- **EIN:** 911717303
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05371
- **FILM NUMBER:** 251482341

**BUSINESS ADDRESS:**
- **STREET 1:** 401 UNION STREET
- **STREET 2:** 18TH FLOOR
- **CITY:** SEATTLE
- **STATE:** WA
- **BUSINESS PHONE:** 800-787-7354

**MAIL ADDRESS:**
- **STREET 1:** 401 UNION STREET
- **STREET 2:** 18TH FLOOR
- **CITY:** SEATTLE
- **STATE:** WA

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RUSSELL INSURANCE FUNDS
- **DATE OF NAME CHANGE:** 19960918

## Series and Classes Contracts Data

### Global Real Estate Securities Fund (Series ID: S000006866)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000018548 | Global Real Estate Securities Fund | RIFSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** RUSSELL INVESTMENT FUNDS

- **b. Investment Company Act file number:** 811-05371

- **c. CIK number of Registrant:** 0000824036

- **d. LEI of Registrant:** 549300SYCXI2ML7BN524

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 401 Union Street

  - **City:** SEATTLE

  - **State:** WA

  - **Foreign country:** US

  - **Zip / Postal Code:** 98101

  - **Telephone number:** 800-787-7354

**Item A.2. Information about the Series.**

- **a. Name of Series:** Global Real Estate Securities Fund

- **b. EDGAR series identifier (if any):** S000006866

- **c. LEI of Series:** C8PHRWSYC6CV404R0D13

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $996579202.87

**Total Liabilities:** $1638275.16

**Net Assets:** $994940927.71

**Cash Not Reported:** $6924059.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018548 | -1.74%               | 3.91%                | 0.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $354186.57               | $-17922159.60                              |
| Month 2  | $1556698.52              | $32926553.22                               |
| Month 3  | $546916.26               | $3895063.10                                |

**Designated Index Information**

- **Index Name:** FTSE EPRA NAREIT Developed Index USD

- **Index Identifier:** IDX000092

### Schedule of Portfolio Investments

| Name                                                                                                | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| LondonMetric Property PLC                                                                           | LondonMetric Property PLC                        | CUSIP: 000000000<br>LEI: 213800OCERWWPQDURL87 | Long             | EC               |  | GB        |   3657351 | NS      | $8953188.37   | 0.90%             |  |  |  | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | DJ US REAL ESTATE DEC25                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DE               |  | US        |      1179 | NC      | $-251091.63   | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Daiwa Securities Living Investments Corp                                                            | Daiwa Securities Living Investments Corp         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      3837 | NS      | $2786593.96   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Omega Healthcare Investors Inc                                                                      | Omega Healthcare Investors Inc                   | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |    289400 | NS      | $12218468.00  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| LEG Immobilien SE                                                                                   | LEG Immobilien SE                                | CUSIP: 000000000<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |     27012 | NS      | $2147454.00   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Castellum AB                                                                                        | Castellum AB                                     | CUSIP: 000000000<br>LEI: 549300GU5OHTR1T5IY68 | Long             | EC               | CORP              | SE        |    235287 | NS      | $2663383.84   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Equity Residential                                                                                  | Equity Residential                               | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |    205046 | NS      | $13272627.58  | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Derwent London PLC                                                                                  | Derwent London PLC                               | CUSIP: 000000000<br>LEI: 213800BXKQ9KZNUR1M61 | Long             | EC               |  | GB        |     57718 | NS      | $1359792.85   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Shaftesbury Capital PLC                                                                             | Shaftesbury Capital PLC                          | CUSIP: 000000000<br>LEI: 549300TTXXZ1SHUI0D54 | Long             | EC               |  | GB        |    952644 | NS      | $1822526.93   | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Wihlborgs Fastigheter AB                                                                            | Wihlborgs Fastigheter AB                         | CUSIP: 000000000<br>LEI: 549300RC1YDJPITF8X06 | Long             | EC               | CORP              | SE        |    192130 | NS      | $1880130.27   | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Welltower Inc                                                                                       | Welltower Inc                                    | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |    394090 | NS      | $70203192.60  | 7.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Chartwell Retirement Residences                                                                     | Chartwell Retirement Residences                  | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |    289345 | NS      | $4195575.27   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Swire Properties Ltd                                                                                | Swire Properties Ltd                             | CUSIP: 000000000<br>LEI: 5299001L12PHYVQ92465 | Long             | EC               | CORP              | HK        |    378200 | NS      | $1076000.40   | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Highwoods Properties Inc                                                                            | Highwoods Properties Inc                         | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               |  | US        |     76323 | NS      | $2428597.86   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Realty Income Corp                                                                                  | Realty Income Corp                               | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |    251469 | NS      | $15286800.51  | 1.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Catena AB                                                                                           | Catena AB                                        | CUSIP: 000000000<br>LEI: 549300EMLM7AH5LDLY65 | Long             | EC               | CORP              | SE        |     44901 | NS      | $2047449.81   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Sirius Real Estate Ltd                                                                              | Sirius Real Estate Ltd                           | CUSIP: 000000000<br>LEI: 213800NURUF5W8QSK566 | Long             | EC               |  | GG        |   1589307 | NS      | $2092975.50   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Nomura Real Estate Master Fund Inc                                                                  | Nomura Real Estate Master Fund Inc               | CUSIP: 000000000<br>LEI: 353800TNNZOQ1CPZE086 | Long             | EC               |  | JP        |      5009 | NS      | $5433231.32   | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| Essential Properties Realty Trust Inc                                                               | Essential Properties Realty Trust Inc            | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |    229287 | NS      | $6823581.12   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Land Securities Group PLC                                                                           | Land Securities Group PLC                        | CUSIP: 000000000<br>LEI: 213800V8IAVKS37D6B88 | Long             | EC               |  | GB        |    456545 | NS      | $3584184.33   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Outfront Media Inc                                                                                  | Outfront Media Inc                               | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               |  | US        |     74477 | NS      | $1364418.64   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Scentre Group                                                                                       | Scentre Group                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   2596234 | NS      | $7024684.49   | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| UDR Inc                                                                                             | UDR Inc                                          | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |    179570 | NS      | $6690778.20   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Nyfosa AB                                                                                           | Nyfosa AB                                        | CUSIP: 000000000<br>LEI: 5493000YR2B83SILCJ50 | Long             | EC               | CORP              | SE        |    155084 | NS      | $1355238.46   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Ventas Inc                                                                                          | Ventas Inc                                       | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |    160980 | NS      | $11266990.20  | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| KDX Realty Investment Corp                                                                          | KDX Realty Investment Corp                       | CUSIP: 000000000<br>LEI: 353800FFT483NCIHFY42 | Long             | EC               |  | JP        |      5990 | NS      | $6821825.53   | 0.69%             |  |  |  | No            | 2                  | On Loan: No      |
| Regency Centers Corp                                                                                | Regency Centers Corp                             | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |    109494 | NS      | $7982112.60   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Covivio SA/France                                                                                   | Covivio SA/France                                | CUSIP: 000000000<br>LEI: 969500P8M3W2XX376054 | Long             | EC               |  | FR        |     46472 | NS      | $3134322.94   | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| Mitsui Fudosan Co Ltd                                                                               | Mitsui Fudosan Co Ltd                            | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |   1240033 | NS      | $13546373.87  | 1.36%             |  |  |  | No            | 2                  | On Loan: No      |
| TAG Immobilien AG                                                                                   | TAG Immobilien AG                                | CUSIP: 000000000<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |    328351 | NS      | $5676890.76   | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| British Land Co PLC/The                                                                             | British Land Co PLC/The                          | CUSIP: 000000000<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               |  | GB        |    846174 | NS      | $3976692.33   | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| Caesars Entertainment Inc                                                                           | Caesars Entertainment Inc                        | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |    141601 | NS      | $3826767.03   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Mapletree Logistics Trust                                                                           | Mapletree Logistics Trust                        | CUSIP: 000000000<br>LEI: 549300M9EBZIYH387075 | Long             | EC               |  | SG        |   4048300 | NS      | $3927715.61   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| Dexus                                                                                               | Dexus                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    733482 | NS      | $3489676.66   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| CTP NV                                                                                              | CTP NV                                           | CUSIP: 000000000<br>LEI: 3157000YTVO4TN65UM14 | Long             | EC               | CORP              | NL        |     94023 | NS      | $2093376.80   | 0.21%             |  |  |  | Yes           | 2                  | On Loan: No      |
| CubeSmart                                                                                           | CubeSmart                                        | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |    119543 | NS      | $4860618.38   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Sun Communities Inc                                                                                 | Sun Communities Inc                              | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |    129690 | NS      | $16730010.00  | 1.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Merlin Properties Socimi SA                                                                         | Merlin Properties Socimi SA                      | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               |  | ES        |    246144 | NS      | $3732021.22   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| Gemlife Communities Group                                                                           | Gemlife Communities Group                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    246622 | NS      | $747483.05    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Japan Hotel REIT Investment Corp                                                                    | Japan Hotel REIT Investment Corp                 | CUSIP: 000000000<br>LEI: 353800L8KG849FP1JI68 | Long             | EC               |  | JP        |      2667 | NS      | $1608040.35   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| BXP Inc                                                                                             | BXP Inc                                          | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |     91928 | NS      | $6833927.52   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Keppel REIT                                                                                         | Keppel REIT                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |   1090200 | NS      | $854131.28    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| PRS REIT Plc/The                                                                                    | PRS REIT Plc/The                                 | CUSIP: 000000000<br>LEI: 21380037Q91HU97WZX58 | Long             | EC               |  | GB        |    625069 | NS      | $942844.99    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Prologis Inc                                                                                        | Prologis Inc                                     | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    393249 | NS      | $45034875.48  | 4.53%             |  |  |  | No            | 1                  | On Loan: No      |
| American Homes 4 Rent                                                                               | American Homes 4 Rent                            | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |    245940 | NS      | $8177505.00   | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Sumitomo Realty & Development Co Ltd                                                                | Sumitomo Realty & Development Co Ltd             | CUSIP: 000000000<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |    292200 | NS      | $12890904.90  | 1.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Life Science Reit PLC                                                                               | Life Science Reit PLC                            | CUSIP: 000000000<br>LEI: 213800RG7JNX7K8F7525 | Long             | EC               |  | GB        |    976648 | NS      | $481039.37    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Unibail-Rodamco-Westfield                                                                           | Unibail-Rodamco-Westfield                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | XX        |     97013 | NS      | $10230510.91  | 1.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Goodman Group                                                                                       | Goodman Group                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   1244984 | NS      | $27106917.83  | 2.72%             |  |  |  | No            | 2                  | On Loan: No      |
| Big Yellow Group PLC                                                                                | Big Yellow Group PLC                             | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               |  | GB        |    213808 | NS      | $2795262.34   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Kite Realty Group Trust                                                                             | Kite Realty Group Trust                          | CUSIP: 49803T300<br>LEI: 549300OVTYLM7DH6CM14 | Long             | EC               |  | US        |    170963 | NS      | $3812474.90   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| CapitaLand Investment Ltd/Singapore                                                                 | CapitaLand Investment Ltd/Singapore              | CUSIP: 000000000<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |    969700 | NS      | $2025408.96   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Shurgard Self Storage Ltd                                                                           | Shurgard Self Storage Ltd                        | CUSIP: 000000000<br>LEI: 549300J0UEIKU81XO336 | Long             | EC               |  | GG        |     25008 | NS      | $948537.34    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Safestore Holdings PLC                                                                              | Safestore Holdings PLC                           | CUSIP: 000000000<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               |  | GB        |    161868 | NS      | $1439790.56   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Choice Properties Real Estate Investment Trust                                                      | Choice Properties Real Estate Investment Trust   | CUSIP: 17039A106<br>LEI: 5493007MYGFSLOZGT937 | Long             | EC               |  | CA        |    374828 | NS      | $3959166.20   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Stockland                                                                                           | Stockland                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   1762893 | NS      | $7161405.56   | 0.72%             |  |  |  | No            | 2                  | On Loan: No      |
| Lineage Inc                                                                                         | Lineage Inc                                      | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               |  | US        |     44033 | NS      | $1701435.12   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Parkway Life Real Estate Investment Trust                                                           | Parkway Life Real Estate Investment Trust        | CUSIP: 000000000<br>LEI: 549300I4DKVD2OF5LW91 | Long             | EC               |  | SG        |    518955 | NS      | $1659503.79   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| GLP J-Reit                                                                                          | GLP J-Reit                                       | CUSIP: 000000000<br>LEI: 353800E27V9KA51K2I90 | Long             | EC               |  | JP        |       884 | NS      | $815895.05    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Crown Castle Inc                                                                                    | Crown Castle Inc                                 | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |    120680 | NS      | $11644413.20  | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Brixmor Property Group Inc                                                                          | Brixmor Property Group Inc                       | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |    339314 | NS      | $9392211.52   | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Wharf Real Estate Investment Co Ltd                                                                 | Wharf Real Estate Investment Co Ltd              | CUSIP: 000000000<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | KY        |   1203000 | NS      | $3557420.00   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Mitsui Fudosan Accommodations Fund Inc                                                              | Mitsui Fudosan Accommodations Fund Inc           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      1882 | NS      | $1680060.85   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Sun Hung Kai Properties Ltd                                                                         | Sun Hung Kai Properties Ltd                      | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |    749552 | NS      | $8990155.17   | 0.90%             |  |  |  | No            | 2                  | On Loan: No      |
| CapitaLand Ascendas REIT                                                                            | CapitaLand Ascendas REIT                         | CUSIP: 000000000<br>LEI: 549300ILIBAEMQZK3L20 | Long             | EC               |  | SG        |   1672000 | NS      | $3624935.40   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Public Storage                                                                                      | Public Storage                                   | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |     25040 | NS      | $7232804.00   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| American Healthcare REIT Inc                                                                        | American Healthcare REIT Inc                     | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               |  | US        |    136000 | NS      | $5713360.00   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Cellnex Telecom SA                                                                                  | Cellnex Telecom SA                               | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     34905 | NS      | $1210246.27   | 0.12%             |  |  |  | Yes           | 2                  | On Loan: No      |
| NEXTDC Ltd                                                                                          | NEXTDC Ltd                                       | CUSIP: 000000000<br>LEI: 529900RTERU3X7G3D672 | Long             | EC               | CORP              | AU        |    185775 | NS      | $2089008.84   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Host Hotels & Resorts Inc                                                                           | Host Hotels & Resorts Inc                        | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |   1094413 | NS      | $18626909.26  | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| EPR Properties                                                                                      | EPR Properties                                   | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               |  | US        |      8293 | NS      | $481076.93    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Lendlease Global Commercial REIT                                                                    | Lendlease Global Commercial REIT                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |   1584100 | NS      | $767888.47    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Link REIT                                                                                           | Link REIT                                        | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |   1757243 | NS      | $9038844.58   | 0.91%             |  |  |  | No            | 2                  | On Loan: No      |
| Argan SA                                                                                            | ARGAN SA                                         | CUSIP: 000000000<br>LEI: 529900FXM41XSCUSGH04 | Long             | EC               |  | FR        |     13054 | NS      | $977715.70    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| City Developments Ltd                                                                               | City Developments Ltd                            | CUSIP: 000000000<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |     66100 | NS      | $354636.40    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Mori Trust Reit Inc                                                                                 | Mori Trust Reit Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      6200 | NS      | $3177172.39   | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| Japan Real Estate Investment Corp                                                                   | Japan Real Estate Investment Corp                | CUSIP: 000000000<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               |  | JP        |      4366 | NS      | $3676223.55   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Grainger PLC                                                                                        | Grainger PLC                                     | CUSIP: 000000000<br>LEI: 2138007CEIRKZMNI2979 | Long             | EC               |  | GB        |    925839 | NS      | $2418120.14   | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| Kimco Realty Corp                                                                                   | Kimco Realty Corp                                | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               |  | US        |    558609 | NS      | $12205606.65  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Charter Hall Group                                                                                  | Charter Hall Group                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    279664 | NS      | $4223581.33   | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| First Industrial Realty Trust Inc                                                                   | First Industrial Realty Trust Inc                | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |    115668 | NS      | $5953431.96   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Japan Metropolitan Fund Invest                                                                      | Japan Metropolitan Fund Invest                   | CUSIP: 000000000<br>LEI: 353800QDHNIP60E1LQ93 | Long             | EC               |  | JP        |      7981 | NS      | $6136620.41   | 0.62%             |  |  |  | No            | 2                  | On Loan: No      |
| Aedifica SA                                                                                         | Aedifica SA                                      | CUSIP: 000000000<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               |  | BE        |     66733 | NS      | $4953653.19   | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| Hudson Pacific Properties Inc                                                                       | Hudson Pacific Properties Inc                    | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               |  | US        |   1357666 | NS      | $3747158.16   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Frasers Logistics & Commercial Trust                                                                | Frasers Logistics & Commercial Trust             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |    288500 | NS      | $213013.40    | 0.02%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Essex Property Trust Inc                                                                            | Essex Property Trust Inc                         | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |     74776 | NS      | $20014544.16  | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nippon Building Fund Inc                                                                            | Nippon Building Fund Inc                         | CUSIP: 000000000<br>LEI: 52990053R8NL2MB32172 | Long             | EC               |  | JP        |      1097 | NS      | $1035076.98   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| GPT Group/The                                                                                       | GPT Group/The                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    150849 | NS      | $536532.73    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Nippon Prologis REIT Inc                                                                            | Nippon Prologis REIT Inc                         | CUSIP: 000000000<br>LEI: 353800PHBMSDLAFURY41 | Long             | EC               |  | JP        |     11403 | NS      | $6662396.19   | 0.67%             |  |  |  | No            | 2                  | On Loan: No      |
| PSP Swiss Property AG                                                                               | PSP Swiss Property AG                            | CUSIP: 000000000<br>LEI: 50670042Y437P8X44F56 | Long             | EC               | CORP              | CH        |      3911 | NS      | $672514.87    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| GDS Holdings Ltd                                                                                    | GDS Holdings Ltd                                 | CUSIP: 000000000<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | KY        |    199400 | NS      | $984097.83    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| CapitaLand Integrated Commercial Trust                                                              | CapitaLand Integrated Commercial Trust           | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               |  | SG        |   4001849 | NS      | $7104835.47   | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| Iron Mountain Inc                                                                                   | Iron Mountain Inc                                | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |    181940 | NS      | $18546963.60  | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Industrial & Infrastructure Fund Investment Corp                                                    | Industrial & Infrastructure Fund Investment Corp | CUSIP: 000000000<br>LEI: 353800WCHFY04YKYCI19 | Long             | EC               |  | JP        |      1452 | NS      | $1333393.49   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| SBA Communications Corp                                                                             | SBA Communications Corp                          | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |      9570 | NS      | $1850359.50   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| First Capital Real Estate Investment Trust                                                          | First Capital Real Estate Investment Trust       | CUSIP: 31890B103<br>LEI: 54930042UG2WCIIAQZ39 | Long             | EC               |  | CA        |    346790 | NS      | $4926376.59   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsui Fudosan Logistics Park Inc                                                                   | Mitsui Fudosan Logistics Park Inc                | CUSIP: 000000000<br>LEI: 353800DN63EIYS760S59 | Long             | EC               |  | JP        |      7850 | NS      | $5644743.74   | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| Mirvac Group                                                                                        | Mirvac Group                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   4894196 | NS      | $7356124.66   | 0.74%             |  |  |  | No            | 2                  | On Loan: No      |
| Mitsubishi Estate Co Ltd                                                                            | Mitsubishi Estate Co Ltd                         | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    597092 | NS      | $13750199.97  | 1.38%             |  |  |  | No            | 2                  | On Loan: No      |
| Fastighets AB Balder                                                                                | Fastighets AB Balder                             | CUSIP: 000000000<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |    923106 | NS      | $6631456.17   | 0.67%             |  |  |  | No            | 2                  | On Loan: No      |
| VGP NV                                                                                              | VGP NV                                           | CUSIP: 000000000<br>LEI: 315700NENYPIXFR94T49 | Long             | EC               | CORP              | BE        |     11875 | NS      | $1332829.57   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Kilroy Realty Corp                                                                                  | Kilroy Realty Corp                               | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |    280493 | NS      | $11850829.25  | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| HomeCo Daily Needs REIT                                                                             | HomeCo Daily Needs REIT                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    920147 | NS      | $826246.59    | 0.08%             |  |  |  | Yes           | 2                  | On Loan: No      |
| UNITE Group PLC/The                                                                                 | UNITE Group PLC/The                              | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               |  | GB        |    433364 | NS      | $4194296.77   | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| VICI Properties Inc                                                                                 | VICI Properties Inc                              | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |    612463 | NS      | $19972418.43  | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Simon Property Group Inc                                                                            | Simon Property Group Inc                         | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |    170047 | NS      | $31912720.49  | 3.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Smartstop Self Storage REIT Inc                                                                     | Smartstop Self Storage REIT Inc                  | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               |  | US        |    130155 | NS      | $4899034.20   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| SUNeVision Holdings Ltd                                                                             | SUNeVision Holdings Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    866000 | NS      | $764520.66    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Klepierre SA                                                                                        | Klepierre SA                                     | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               |  | FR        |    224405 | NS      | $8741057.83   | 0.88%             |  |  |  | No            | 2                  | On Loan: No      |
| Henderson Land Development Co Ltd                                                                   | Henderson Land Development Co Ltd                | CUSIP: 000000000<br>LEI: 529900SYQB7IVR9QGN76 | Long             | EC               | CORP              | HK        |    569000 | NS      | $2008516.51   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Ingenia Communities Group                                                                           | Ingenia Communities Group                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    908471 | NS      | $3274416.56   | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Activia Properties Inc                                                                              | Activia Properties Inc                           | CUSIP: 000000000<br>LEI: 353800RPGYN3ML8CXV54 | Long             | EC               |  | JP        |      2550 | NS      | $2322120.32   | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| Frasers Centrepoint Trust                                                                           | Frasers Centrepoint Trust                        | CUSIP: 000000000<br>LEI: 5493002RGQ266FKERZ83 | Long             | EC               |  | SG        |   1194100 | NS      | $2147343.47   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Agree Realty Corp                                                                                   | Agree Realty Corp                                | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               |  | US        |    232585 | NS      | $16522838.40  | 1.66%             |  |  |  | No            | 1                  | On Loan: No      |
| EastGroup Properties Inc                                                                            | EastGroup Properties Inc                         | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |     76442 | NS      | $12938572.92  | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Hongkong Land Holdings Ltd                                                                          | Hongkong Land Holdings Ltd                       | CUSIP: 000000000<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | BM        |    524200 | NS      | $3317137.08   | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Vonovia SE                                                                                          | Vonovia SE                                       | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |    424917 | NS      | $13261808.78  | 1.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund | U.S. Cash Management Fund                        | CUSIP: 000000000<br>LEI: 845SLB3N6EI7ZN7PZ398 | Long             | STIV             | PF                | US        |  39142473 | NS      | $39134644.59  | 3.93%             |  |  |  | No            | N/A                | On Loan: No      |
| Mid-America Apartment Communities Inc                                                               | Mid-America Apartment Communities Inc            | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |     85400 | NS      | $11932942.00  | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Digital Realty Trust Inc                                                                            | Digital Realty Trust Inc                         | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |    219390 | NS      | $37928143.20  | 3.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Invincible Investment Corp                                                                          | Invincible Investment Corp                       | CUSIP: 000000000<br>LEI: 353800JY6M2692VAV685 | Long             | EC               |  | JP        |      2891 | NS      | $1319168.78   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Suntec Real Estate Investment Trust                                                                 | Suntec Real Estate Investment Trust              | CUSIP: 000000000<br>LEI: 549300C46QFXSI2F4K13 | Long             | EC               |  | SG        |   1614900 | NS      | $1603664.12   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Warehouses De Pauw CVA                                                                              | Warehouses De Pauw CVA                           | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |    158835 | NS      | $3986972.36   | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| Segro PLC                                                                                           | Segro PLC                                        | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |    641057 | NS      | $5672479.79   | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| Keihanshin Building Co Ltd                                                                          | Keihanshin Building Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    253100 | NS      | $2801500.60   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Weyerhaeuser Co                                                                                     | Weyerhaeuser Co                                  | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |    130411 | NS      | $3232888.69   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Extra Space Storage Inc                                                                             | Extra Space Storage Inc                          | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |    178689 | NS      | $25184427.66  | 2.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Digital Core REIT Management Pte Ltd                                                                | Digital Core REIT Management Pte Ltd             | CUSIP: 000000000<br>LEI: 254900RTT7SLEEJYGV92 | Long             | EC               |  | SG        |   3065300 | NS      | $1457062.77   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Mercialys SA                                                                                        | Mercialys SA                                     | CUSIP: 000000000<br>LEI: 969500081CGAXB7YS433 | Long             | EC               |  | FR        |    140879 | NS      | $1814563.08   | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Healthcare Realty Trust Inc                                                                         | Healthcare Realty Trust Inc                      | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |    617665 | NS      | $11136499.95  | 1.12%             |  |  |  | No            | 1                  | On Loan: No      |
| PACS Group Inc                                                                                      | PACS Group Inc                                   | CUSIP: 69380Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39186 | NS      | $538023.78    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinix Inc                                                                                         | Equinix Inc                                      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     39784 | NS      | $31160420.16  | 3.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Swiss Prime Site AG                                                                                 | Swiss Prime Site AG                              | CUSIP: 000000000<br>LEI: 506700XI9H64OPR34158 | Long             | EC               | CORP              | CH        |     68775 | NS      | $9625559.88   | 0.97%             |  |  |  | No            | 2                  | On Loan: No      |
| CareTrust REIT Inc                                                                                  | CareTrust REIT Inc                               | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               |  | US        |    118157 | NS      | $4097684.76   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Invitation Homes Inc                                                                                | Invitation Homes Inc                             | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |    487056 | NS      | $14285352.48  | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** RUSSELL INVESTMENT FUNDS

**Signature:** Ross Erickson

**Name of Signer:** Ross Erickson

**Title:** Treasurer, Principal Accounting Officer and Principal Financial Officer