# EDGAR Filing Document

**Accession Number:** 0000351601
**File Stem:** 0001410368-26-032292
**Filing Date:** 2026-3
**Character Count:** 35286
**Document Hash:** a51c6f69a5a7b5b89ed46378b9e703e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-032292.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0001410368-26-032292

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RUSSELL INVESTMENT CO
- **CENTRAL INDEX KEY:** 0000351601

**ORGANIZATION NAME:**
- **EIN:** 911151059
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03153
- **FILM NUMBER:** 26797677

**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 FRANK INVESTMENT CO
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Balanced Strategy Fund (Series ID: S000001576)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000004255 | Class A      | RBLAX           |
| C000004256 | Class C      | RBLCX           |
| C000004258 | Class S      | RBLSX           |
| C000027576 | Class R1     | RBLRX           |
| C000137233 | Class R5     | RBLVX           |

## Nport-Ex

2026

QUARTERLY

REPORT

LifePoints®

Funds

January

31,

2026

FUND

SHARE

CLASS

Conservative

Strategy

Fund

A,

C,

R1,

R5,

S

Moderate

Strategy

Fund

A,

C,

R1,

R5,

S

Balanced

Strategy

Fund

A,

C,

R1,

R5,

S

Aggressive

Strategy

Fund

A,

C,

R1,

R5,

S

Equity

Aggressive

Strategy

Fund

A,

C,

R1,

R5,

S

Russell

Investment

Company

Russell

Investment

Company

is

a

series

investment

company

with

different

investment

portfolios

referred

to

as

Funds.

This

Quarterly

Report

reports

on

five

of

these

Funds.

Page

Conservative

Strategy

Fund

.................................................................................

Moderate

Strategy

Fund

.......................................................................................

Balanced

Strategy

Fund

.......................................................................................

Aggressive

Strategy

Fund

....................................................................................

Equity

Aggressive

Strategy

Fund

.......................................................................

Notes

to

Quarterly

Report

..................................................................................

Russell

Investment

Company

LifePoints®

Funds

Quarterly

Report

January

31,

2026

(Unaudited)

Table

of

Contents

Russell

Investment

Company

-

LifePoints®

Funds.

Copyright©

Russell

Investments

2026. All

rights

reserved.

Russell

Investments'

ownership

is

composed

of

a

majority

stake

held

by

funds

managed

by

TA

Associates

Management,

L.P.,

with

a

significant

minority

stake

held

by

funds

managed

by

Reverence

Capital

Partners,

L.P.

Certain

of

Russell

Investments'

employees

and

Hamilton

Lane

Advisors,

LLC

also

hold

minority,

non-

controlling,

ownership

stakes.

Frank

Russell

Company

is

the

owner

of

the

Russell

trademarks

contained

in

this

material

and

all

trademark

rights

related

to

the

Russell

trademarks,

which

the

members

of

the

Russell

Investments

group

of

companies

are

permitted

to

use

under

license

from

Frank

Russell

Company.

The

members

of

the

Russell

Investments

group

of

companies

are

not

affiliated

in

any

manner

with

Frank

Russell

Company

or

any

entity

operating

under

the

"FTSE

RUSSELL"

brand.

Fund

objectives,

risks,

charges

and

expenses

should

be

carefully

considered

before

investing.

A

prospectus

containing

this

and

other

important

information

must

precede

or

accompany

this

material.

Please

read

the

prospectus

carefully

before

investing.

Securities

distributed

through

Russell

Investments

Financial

Services,

LLC,

member

FINRA

and

part

of

Russell

Investments.

#### Russell

#### Investment

#### Company

#### Conservative

#### Strategy

#### Fund

#### Schedule

#### of

#### Investments

#### —

#### January

#### 31,

#### 2026
(Unaudited)

See

accompanying

notes

which

are

an

integral

part

of

this

quarterly

report.

Conservative

Strategy

Fund

Amounts

in

thousands

(except

share

amounts)

#### Shares

#### Fair

#### Value

#### $

#### Investments

#### in

#### Affiliated

#### Funds

#### -

#### 100.0%
Alternative

-

2.0%

Global

Real

Estate

Securities

Fund

Class

Y

37,616

1,170

Domestic

Equities

-

10.5%

Multifactor

U.S.

Equity

Fund

Class

Y

371,031

4,938

U.S.

Small

Cap

Equity

Fund

Class

Y

43,062

1,156

6,094

Fixed

Income

-

75.5%

Investment

Grade

Bond

Fund

Class

Y

539,801

9,900

Long

Duration

Bond

Fund

Class

Y

513,775

4,069

Opportunistic

Credit

Fund

Class

Y

670,147

5,824

Short

Duration

Bond

Fund

Class

Y

260,975

4,956

Strategic

Bond

Fund

Class

Y

2,127,945

19,215

43,964

International

Equities

-

4.0%

Emerging

Markets

Fund

Class

Y

50,805

1,164

Multifactor

International

Equity

Fund

Class

Y

87,457

1,165

2,329

Multi-Asset

-

8.0%

Multi-Strategy

Income

Fund

Class

Y

446,277

4,659

#### Total

#### Investments

#### in

#### Affiliated

#### Funds
(cost

$55,223)

58,216

#### Total

#### Investments

#### -

#### 100.0%
(identified

cost

$55,223)

58,216

#### Other

#### Assets

#### and

#### Liabilities,

#### Net

#### -

#### (0.0)%
(19) #### Net

#### Assets

#### -

#### 100.0%
58,197

#### Russell

#### Investment

#### Company

#### Conservative

#### Strategy

#### Fund

#### Schedule

#### of

#### Investments,

#### continued

#### —

#### January

#### 31,

#### 2026
(Unaudited)

See

accompanying

notes

which

are

an

integral

part

of

this

quarterly

report.

Conservative

Strategy

Fund

Transactions

(amounts

in

thousands)

during

the

period

ended

January

31,

2026

with

Underlying

Funds

which

are,

or

were,

an

affiliated

company

are

as

follows:

#### Fair

#### Value,

#### Beginning

#### of

#### Period

#### Purchases

#### Sales

#### Realized

#### Gain
(Loss)

#### Change

#### in

#### Unrealized

#### Gain
(Loss)

#### Fair

#### Value,

#### End

#### of

#### Period

#### Dividend

#### Distributions

#### Capital

#### Gains

#### Distributions
Global

Real

Estate

Securities

Fund

$

1,191

$

$

$

(8)

$

$

1,170

$

$

—

Multifactor

U.S.

Equity

Fund

5,074

1,296

(1,175)

4,938

1,220

U.S.

Small

Cap

Equity

Fund

1,192

(12)

1,156

Investment

Grade

Bond

Fund

10,148

(166)

9,900

—

Long

Duration

Bond

Fund

4,178

(17)

(54)

4,069

—

Opportunistic

Credit

Fund

5,969

(2)

(52)

5,824

—

Short

Duration

Bond

Fund

5,074

(34)

4,956

—

Strategic

Bond

Fund

19,698

565

731

(45)

(272)

19,215

—

Emerging

Markets

Fund

1,194

1,164

—

Multifactor

International

Equity

Fund

1,194

1,165

—

Multi-Strategy

Income

Fund

4,775

4,659

—

$

59,687

$

2,825

$

2,865

$

$

(1,539)

$

58,216

$

1,129

$

1,293

#### Russell

#### Investment

#### Company

#### Moderate

#### Strategy

#### Fund

#### Schedule

#### of

#### Investments

#### —

#### January

#### 31,

#### 2026
(Unaudited)

See

accompanying

notes

which

are

an

integral

part

of

this

quarterly

report.

Moderate

Strategy

Fund

Amounts

in

thousands

(except

share

amounts)

#### Shares

#### Fair

#### Value

#### $

#### Investments

#### in

#### Affiliated

#### Funds

#### -

#### 100.0%
Alternative

-

2.0%

Global

Real

Estate

Securities

Fund

Class

Y

79,621

2,476

Domestic

Equities

-

12.0%

Multifactor

U.S.

Equity

Fund

Class

Y

929,422

12,371

U.S.

Small

Cap

Equity

Fund

Class

Y

91,400

2,453

14,824

Fixed

Income

-

53.8%

Investment

Grade

Bond

Fund

Class

Y

1,175,883

21,566

Long

Duration

Bond

Fund

Class

Y

774,503

6,134

Opportunistic

Credit

Fund

Class

Y

922,853

8,019

Short

Duration

Bond

Fund

Class

Y

226,965

4,310

Strategic

Bond

Fund

Class

Y

2,934,082

26,495

66,524

International

Equities

-

24.2%

Emerging

Markets

Fund

Class

Y

192,309

4,406

Global

Equity

Fund

Class

Y

1,687,245

19,285

Multifactor

International

Equity

Fund

Class

Y

468,333

6,238

29,929

Multi-Asset

-

8.0%

Multi-Strategy

Income

Fund

Class

Y

950,914

9,928

#### Total

#### Investments

#### in

#### Affiliated

#### Funds
(cost

$112,733)

123,681

#### Total

#### Investments

#### -

#### 100.0%
(identified

cost

$112,733)

123,681

#### Other

#### Assets

#### and

#### Liabilities,

#### Net

#### -

#### (0.0)%
(48) #### Net

#### Assets

#### -

#### 100.0%
123,633

#### Russell

#### Investment

#### Company

#### Moderate

#### Strategy

#### Fund

#### Schedule

#### of

#### Investments,

#### continued

#### —

#### January

#### 31,

#### 2026
(Unaudited)

See

accompanying

notes

which

are

an

integral

part

of

this

quarterly

report.

Moderate

Strategy

Fund

Transactions

(amounts

in

thousands)

during

the

period

ended

January

31,

2026

with

Underlying

Funds

which

are,

or

were,

an

affiliated

company

are

as

follows:

#### Fair

#### Value,

#### Beginning

#### of

#### Period

#### Purchases

#### Sales

#### Realized

#### Gain
(Loss)

#### Change

#### in

#### Unrealized

#### Gain
(Loss)

#### Fair

#### Value,

#### End

#### of

#### Period

#### Dividend

#### Distributions

#### Capital

#### Gains

#### Distributions
Global

Real

Estate

Securities

Fund

$

2,461

$

$

$

(9)

$

$

2,476

$

$

—

Multifactor

U.S.

Equity

Fund

12,620

3,133

517

(2,933)

12,371

3,035

U.S.

Small

Cap

Equity

Fund

2,501

(69)

2,453

Investment

Grade

Bond

Fund

22,014

504

601

(359)

21,566

—

Long

Duration

Bond

Fund

6,270

(14)

(95)

6,134

—

Opportunistic

Credit

Fund

8,199

(2)

(71)

8,019

—

Short

Duration

Bond

Fund

4,410

—

(23)

4,310

—

Strategic

Bond

Fund

27,045

638

752

(54)

(382)

26,495

620

—

Emerging

Markets

Fund

4,418

4,406

—

Global

Equity

Fund

19,512

1,546

1,240

(788)

19,285

1,085

Multifactor

International

Equity

Fund

6,281

583

6,238

—

Multi-Strategy

Income

Fund

10,054

559

9,928

—

$

125,785

$

6,785

$

5,621

$

$

(3,688)

$

123,681

$

2,425

$

4,275

#### Russell

#### Investment

#### Company

#### Balanced

#### Strategy

#### Fund

#### Schedule

#### of

#### Investments

#### —

#### January

#### 31,

#### 2026
(Unaudited)

See

accompanying

notes

which

are

an

integral

part

of

this

quarterly

report.

Balanced

Strategy

Fund

Amounts

in

thousands

(except

share

amounts)

#### Shares

#### Fair

#### Value

#### $

#### Investments

#### in

#### Affiliated

#### Funds

#### -

#### 100.0%
Alternative

-

4.1%

Global

Infrastructure

Fund

Class

Y

1,220,714

12,671

Global

Real

Estate

Securities

Fund

Class

Y

399,951

12,439

25,110

Domestic

Equities

-

15.0%

Multifactor

U.S.

Equity

Fund

Class

Y

4,862,073

64,714

U.S.

Small

Cap

Equity

Fund

Class

Y

459,709

12,339

U.S.

Strategic

Equity

Fund

Class

Y

906,284

15,352

92,405

Fixed

Income

-

32.5%

Investment

Grade

Bond

Fund

Class

Y

5,814,893

106,645

Long

Duration

Bond

Fund

Class

Y

3,423,386

27,113

Opportunistic

Credit

Fund

Class

Y

2,828,554

24,580

Strategic

Bond

Fund

Class

Y

4,726,318

42,679

201,017

International

Equities

-

40.4%

Emerging

Markets

Fund

Class

Y

1,393,305

31,921

Global

Equity

Fund

Class

Y

15,784,289

180,415

Multifactor

International

Equity

Fund

Class

Y

2,822,702

37,598

249,934

Multi-Asset

-

8.0%

Multi-Strategy

Income

Fund

Class

Y

4,765,463

49,751

#### Total

#### Investments

#### in

#### Affiliated

#### Funds
(cost

$518,473)

618,217

#### Total

#### Investments

#### -

#### 100.0%
(identified

cost

$518,473)

618,217

#### Other

#### Assets

#### and

#### Liabilities,

#### Net

#### -

#### (0.0)%
(271) #### Net

#### Assets

#### -

#### 100.0%
617,946

#### Russell

#### Investment

#### Company

#### Balanced

#### Strategy

#### Fund

#### Schedule

#### of

#### Investments,

#### continued

#### —

#### January

#### 31,

#### 2026
(Unaudited)

See

accompanying

notes

which

are

an

integral

part

of

this

quarterly

report.

Balanced

Strategy

Fund

Transactions

(amounts

in

thousands)

during

the

period

ended

January

31,

2026

with

Underlying

Funds

which

are,

or

were,

an

affiliated

company

are

as

follows:

#### Fair

#### Value,

#### Beginning

#### of

#### Period

#### Purchases

#### Sales

#### Realized

#### Gain
(Loss)

#### Change

#### in

#### Unrealized

#### Gain
(Loss)

#### Fair

#### Value,

#### End

#### of

#### Period

#### Dividend

#### Distributions

#### Capital

#### Gains

#### Distributions
Global

Infrastructure

Fund

$

12,171

$

831

$

$

$

(51)

$

12,671

$

$

Global

Real

Estate

Securities

Fund

12,070

12,439

—

Multifactor

U.S.

Equity

Fund

65,490

16,350

2,166

(15,220)

64,714

15,837

U.S.

Small

Cap

Equity

Fund

12,283

946

997

12,339

783

U.S.

Strategic

Equity

Fund

15,556

1,614

(1,439)

15,352

1,444

Investment

Grade

Bond

Fund

107,709

2,711

2,060

(1,756)

106,645

2,386

—

Long

Duration

Bond

Fund

27,598

(480)

27,113

—

Opportunistic

Credit

Fund

24,759

635

591

(4)

(219)

24,580

601

—

Strategic

Bond

Fund

43,086

1,116

827

(62)

(634)

42,679

988

—

Emerging

Markets

Fund

31,181

661

2,334

2,263

31,921

651

—

Global

Equity

Fund

180,137

14,376

9,054

1,464

(6,508)

180,415

4,264

10,111

Multifactor

International

Equity

Fund

37,027

808

2,649

2,307

37,598

807

—

Multi-Strategy

Income

Fund

49,259

759

1,658

1,353

49,751

749

—

$

618,326

$

41,360

$

23,627

$

2,186

$

(20,028)

$

618,217

$

12,058

$

28,582

#### Russell

#### Investment

#### Company

#### Aggressive

#### Strategy

#### Fund

#### Schedule

#### of

#### Investments

#### —

#### January

#### 31,

#### 2026
(Unaudited)

See

accompanying

notes

which

are

an

integral

part

of

this

quarterly

report.

Aggressive

Strategy

Fund

Amounts

in

thousands

(except

share

amounts)

#### Shares

#### Fair

#### Value

#### $

#### Investments

#### in

#### Affiliated

#### Funds

#### -

#### 100.1%
Alternative

-

5.1%

Global

Infrastructure

Fund

Class

Y

1,219,769

12,661

Global

Real

Estate

Securities

Fund

Class

Y

599,136

18,633

31,294

Domestic

Equities

-

25.8%

Multifactor

U.S.

Equity

Fund

Class

Y

5,777,955

76,905

U.S.

Small

Cap

Equity

Fund

Class

Y

685,398

18,396

U.S.

Strategic

Equity

Fund

Class

Y

3,795,981

64,304

159,605

Fixed

Income

-

14.2%

Long

Duration

Bond

Fund

Class

Y

4,562,841

36,138

Opportunistic

Credit

Fund

Class

Y

2,467,623

21,443

Strategic

Bond

Fund

Class

Y

3,376,101

30,486

88,067

International

Equities

-

47.0%

Emerging

Markets

Fund

Class

Y

1,803,852

41,326

Global

Equity

Fund

Class

Y

15,796,797

180,558

Multifactor

International

Equity

Fund

Class

Y

5,173,045

68,905

290,789

Multi-Asset

-

8.0%

Multi-Asset

Strategy

Fund

Class

Y

4,083,698

49,821

#### Total

#### Investments

#### in

#### Affiliated

#### Funds
(cost

$499,829)

619,576

#### Total

#### Investments

#### -

#### 100.1%
(identified

cost

$499,829)

619,576

#### Other

#### Assets

#### and

#### Liabilities,

#### Net

#### -

#### (0.1)%
(334) #### Net

#### Assets

#### -

#### 100.0%
619,242

#### Russell

#### Investment

#### Company

#### Aggressive

#### Strategy

#### Fund

#### Schedule

#### of

#### Investments,

#### continued

#### —

#### January

#### 31,

#### 2026
(Unaudited)

See

accompanying

notes

which

are

an

integral

part

of

this

quarterly

report.

Aggressive

Strategy

Fund

Transactions

(amounts

in

thousands)

during

the

period

ended

January

31,

2026

with

Underlying

Funds

which

are,

or

were,

an

affiliated

company

are

as

follows:

#### Fair

#### Value,

#### Beginning

#### of

#### Period

#### Purchases

#### Sales

#### Realized

#### Gain
(Loss)

#### Change

#### in

#### Unrealized

#### Gain
(Loss)

#### Fair

#### Value,

#### End

#### of

#### Period

#### Dividend

#### Distributions

#### Capital

#### Gains

#### Distributions
Global

Infrastructure

Fund

$

12,071

$

829

$

$

$

(16)

$

12,661

$

$

Global

Real

Estate

Securities

Fund

18,055

529

18,633

—

Multifactor

U.S.

Equity

Fund

77,899

19,459

2,610

518

(18,361)

76,905

568

18,880

U.S.

Small

Cap

Equity

Fund

18,348

1,412

1,524

18,396

1,172

U.S.

Strategic

Equity

Fund

65,276

6,725

1,828

(6,084)

64,304

636

6,073

Long

Duration

Bond

Fund

36,563

—

(636)

36,138

—

Opportunistic

Credit

Fund

21,516

529

(3)

(191)

21,443

525

—

Strategic

Bond

Fund

30,548

715

(25)

(471)

30,486

706

—

Emerging

Markets

Fund

40,559

842

3,196

2,922

41,326

843

—

Global

Equity

Fund

179,832

14,370

8,574

1,243

(6,313)

180,558

4,262

10,106

Multifactor

International

Equity

Fund

67,576

1,475

4,551

4,235

68,905

1,475

—

Multi-Asset

Strategy

Fund

49,351

1,185

1,468

675

49,821

742

$

617,594

$

48,120

$

24,989

$

2,530

$

(23,679)

$

619,576

$

10,674

$

37,380

#### Russell

#### Investment

#### Company

#### Equity

#### Aggressive

#### Strategy

#### Fund

#### Schedule

#### of

#### Investments

#### —

#### January

#### 31,

#### 2026
(Unaudited)

See

accompanying

notes

which

are

an

integral

part

of

this

quarterly

report.

Equity

Aggressive

Strategy

Fund

Amounts

in

thousands

(except

share

amounts)

#### Shares

#### Fair

#### Value

#### $

#### Investments

#### in

#### Affiliated

#### Funds

#### -

#### 100.1%
Alternative

-

5.6%

Global

Infrastructure

Fund

Class

Y

632,790

6,568

Global

Real

Estate

Securities

Fund

Class

Y

362,911

11,287

17,855

Domestic

Equities

-

31.7%

Multifactor

U.S.

Equity

Fund

Class

Y

3,601,857

47,941

U.S.

Small

Cap

Equity

Fund

Class

Y

412,663

11,076

U.S.

Strategic

Equity

Fund

Class

Y

2,534,388

42,932

101,949

Fixed

Income

-

5.9%

Long

Duration

Bond

Fund

Class

Y

1,587,590

12,574

Opportunistic

Credit

Fund

Class

Y

733,376

6,373

18,947

International

Equities

-

49.9%

Emerging

Markets

Fund

Class

Y

1,071,608

24,551

Global

Equity

Fund

Class

Y

8,189,842

93,610

Multifactor

International

Equity

Fund

Class

Y

3,162,789

42,128

160,289

Multi-Asset

-

7.0%

Multi-Asset

Strategy

Fund

Class

Y

1,852,236

22,597

#### Total

#### Investments

#### in

#### Affiliated

#### Funds
(cost

$263,975)

321,637

#### Total

#### Investments

#### -

#### 100.1%
(identified

cost

$263,975)

321,637

#### Other

#### Assets

#### and

#### Liabilities,

#### Net

#### -

#### (0.1)%
(167) #### Net

#### Assets

#### -

#### 100.0%
321,470

#### Russell

#### Investment

#### Company

#### Equity

#### Aggressive

#### Strategy

#### Fund

#### Schedule

#### of

#### Investments,

#### continued

#### —

#### January

#### 31,

#### 2026
(Unaudited)

See

accompanying

notes

which

are

an

integral

part

of

this

quarterly

report.

Equity

Aggressive

Strategy

Fund

Transactions

(amounts

in

thousands)

during

the

period

ended

January

31,

2026

with

Underlying

Funds

which

are,

or

were,

an

affiliated

company

are

as

follows:

#### Fair

#### Value,

#### Beginning

#### of

#### Period

#### Purchases

#### Sales

#### Realized

#### Gain
(Loss)

#### Change

#### in

#### Unrealized

#### Gain
(Loss)

#### Fair

#### Value,

#### End

#### of

#### Period

#### Dividend

#### Distributions

#### Capital

#### Gains

#### Distributions
Global

Infrastructure

Fund

$

6,303

$

$

$

—

$

(5)

$

6,568

$

$

Global

Real

Estate

Securities

Fund

10,972

(19)

11,287

—

Multifactor

U.S.

Equity

Fund

48,616

12,237

1,758

(11,222)

47,941

11,798

U.S.

Small

Cap

Equity

Fund

11,185

868

1,070

11,076

715

U.S.

Strategic

Equity

Fund

43,685

4,557

1,378

(4,073)

42,932

4,067

Long

Duration

Bond

Fund

12,707

(221)

12,574

—

Opportunistic

Credit

Fund

6,413

(1)

(57)

6,373

—

Emerging

Markets

Fund

24,312

545

2,158

1,728

24,551

507

—

Global

Equity

Fund

93,658

7,495

4,871

(3,151)

93,610

2,223

5,272

Multifactor

International

Equity

Fund

41,579

912

3,054

2,584

42,128

913

—

Multi-Asset

Strategy

Fund

22,477

557

776

22,597

$

321,907

$

28,294

$

15,821

$

996

$

(13,739)

$

321,637

$

5,380

$

22,399

#### Russell

#### Investment

#### Company

#### LifePoints

####®

#### Funds

#### Notes

#### to

#### Quarterly

#### Report

#### —

#### January

#### 31,

#### 2026
(Unaudited)

Notes

to

Quarterly

Report

1. #### Significant

#### Accounting

#### Policies
Russell

Investment

Company

(the

"Investment

Company"

or

"RIC")

is

a

series

investment

company

with

different

investment

portfolios

referred

to

as

funds.

This

Quarterly

Report

reports

on

five

of

these

funds

(each

a

"Fund"

and

collectively

the

"Funds").

The

following

is

a

summary

of

the

significant

accounting

policies

consistently

followed

by

the

Funds

in

the

preparation

of

this

Quarterly

Report.

These

policies

are

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

which

require

the

use

of

management

estimates

and

assumptions

at

the

date

of

the

Quarterly

Report.

Actual

results

could

differ

from

those

estimates.

The

Funds

are

considered

investment

companies

under

U.S.

GAAP

and

follow

the

accounting

and

reporting

guidance

applicable

to

investment

companies

including,

but

not

limited

to,

Accounting

Standards

Codification

946. Security

Valuation

Each

of

the

Funds

is

a

"fund

of

funds"

and

diversifies

its

assets

by

investing

in

shares

of

several

other

RIC

funds

(the

"Underlying

Funds").

Each

Fund

seeks

to

achieve

its

specific

investment

objective

by

investing

in

different

combinations

of

Underlying

Funds.

The

Underlying

Funds

value

portfolio

instruments

according

to

securities

valuation

procedures,

which

include

market

value

procedures,

fair

value

procedures,

other

key

valuation

procedures

and

a

description

of

the

pricing

sources

and

services

used

by

the

Underlying

Funds.

With

respect

to

an

Underlying

Fund's

investments

that

do

not

have

readily

available

market

quotations,

the

Funds'

Board

of

Trustees

("Board")

has

designated

Russell

Investment

Management,

LLC

("RIM"),

the

Underlying

Funds'

adviser,

as

the

valuation

designee

to

perform

fair

valuations

pursuant

to

Rule

2a-5

under

the

Investment

Company

Act

of

1940,

as

amended.

However,

the

Board

retains

oversight

over

the

valuation

process.

The

Funds

value

the

shares

of

the

Underlying

Funds

at

the

current

net

asset

value

("NAV")

per

share

of

each

Underlying

Fund.

The

Funds

have

adopted

the

authoritative

guidance

under

U.S.

GAAP

for

estimating

the

fair

value

of

investments

in

funds

that

have

calculated

NAV

per

share

in

accordance

with

the

specialized

accounting

guidance

for

investment

companies.

Accordingly,

the

Funds

estimate

the

fair

value

of

an

investment

in

a

fund

using

the

NAV

per

share

without

further

adjustment

as

a

practical

expedient,

if

the

NAV

per

share

of

the

investment

is

determined

in

accordance

with

the

specialized

accounting

guidance

for

investment

companies

as

of

the

reporting

entity's

measurement

date.

U.S.

GAAP

defines

fair

value

as

the

price

that

a

Fund

would

receive

to

sell

an

asset

or

pay

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date.

It

establishes

a

fair

value

hierarchy

that

prioritizes

inputs

to

valuation

methods,

requires

a

separate

disclosure

of

the

fair

value

hierarchy

for

each

major

category

of

assets

and

liabilities,

and

segregates

fair

value

measurements

into

levels

(Level

1,

2,

and

3).

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

Levels

1,

and

of

the

fair

value

hierarchy

are

defined

as

follows:

Level

—

Quoted

prices

(unadjusted)

in

active

markets

or

exchanges

for

identical

assets

and

liabilities.

Level

—

Inputs

other

than

quoted

prices

included

within

Level

that

are

observable,

which

may

include,

but

are

not

limited

to,

quoted

prices

for

similar

assets

or

liabilities

in

markets

that

are

active,

quoted

prices

for

identical

or

similar

assets

or

liabilities

in

markets

that

are

not

active,

and

inputs

such

as

interest

rates,

yield

curves,

implied

volatilities,

credit

spreads

or

other

market

corroborated

inputs.

Level

—

Significant

unobservable

inputs

based

on

the

best

information

available

in

the

circumstances,

to

the

extent

observable

inputs

are

not

available,

which

may

include

assumptions

made

by

RIM,

that

are

used

in

determining

the

fair

value

of

investments.

The

availability

of

observable

inputs

can

vary

from

security

to

security

and

is

affected

by

a

wide

variety

of

factors,

including,

for

example,

the

type

of

security,

whether

the

security

is

new

and

not

yet

established

in

the

marketplace,

the

liquidity

of

markets,

and

other

characteristics

particular

to

the

security.

To

the

extent

that

valuation

is

based

on

models

or

inputs

that

are

less

observable

or

unobservable

in

the

market,

the

determination

of

fair

value

requires

more

judgment.

Accordingly,

the

degree

of

judgment

exercised

in

determining

fair

value

is

greatest

for

instruments

categorized

in

Level

3. The

inputs

used

to

measure

fair

value

may

fall

into

different

levels

of

the

fair

value

hierarchy.

In

such

cases,

for

disclosure

purposes,

the

level

in

the

fair

value

hierarchy

within

which

the

fair

value

measurement

falls

is

determined

based

on

the

lowest

level

input

that

is

significant

to

the

fair

value

measurement

in

its

entirety.

#### Russell

#### Investment

#### Company

#### LifePoints

####®

#### Funds

#### Notes

#### to

#### Quarterly

#### Report,

#### continued

#### —

#### January

#### 31,

#### 2026
(Unaudited)

Notes

to

Quarterly

Report

The

valuation

techniques

and

significant

inputs

used

in

determining

the

fair

market

values

of

financial

instruments

categorized

as

Level

and

Level

of

the

fair

value

hierarchy

are

as

follows:

investments

in

investment

funds

that

are

not

traded

on

a

national

securities

exchange

will

be

valued

based

upon

the

NAV

per

share

of

such

investments

without

further

adjustment

as

a

practical

expedient.

As

of

January

31,

2026,

all

investments

held

were

classified

as

Level

within

the

fair

value

hierarchy.

For

additional

information

on

the

Funds'

significant

accounting

policies

and

risks,

please

refer

to

the

Funds'

most

recent

semi-

annual

or

annual

financial

statements

and

other

information

and

prospectus.

Russell

Investment

Company

Union

Street

th

Floor

Seattle,

WA

98101

800-787-7354

Fax:

206-505-3495

https://russellinvestments.com

## 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 CO

- **b. Investment Company Act file number:** 811-03153

- **c. CIK number of Registrant:** 0000351601

- **d. LEI of Registrant:** 549300J63VJ9OS4TCK93

- **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:** Balanced Strategy Fund

- **b. EDGAR series identifier (if any):** S000001576

- **c. LEI of Series:** 5O7LPB1C1XY5TOQVPO57

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $618464969.30

**Total Liabilities:** $376270.44

**Net Assets:** $618088698.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004255 | 0.93%                | 0.46%                | 2.26%                |
| Class ID C000004256 | 0.89%                | 0.30%                | 2.22%                |
| Class ID C000004258 | 0.99%                | 0.44%                | 2.29%                |
| Class ID C000027576 | 0.91%                | 0.44%                | 2.29%                |
| Class ID C000137233 | 0.93%                | 0.37%                | 2.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $852875.18               | $4194135.75                                |
| Month 2  | $1030484.53              | $-37910808.60                              |
| Month 3  | $320984.50               | $13670623.19                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Global Real Estate Securities Fund    | Global Real Estate Securities Fund    | CUSIP: 782478713<br>LEI: 12EWS3SG92VUE6HTB591 | Long             | EC               | RF                | US        |    399951 | NS      | $12438489.44  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Bond Fund                   | Strategic Bond Fund                   | CUSIP: 782493159<br>LEI: XI1M1CDVRC8YNT0B5804 | Long             | EC               | RF                | US        |   4716398 | NS      | $42589074.11  | 6.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Investment Grade Bond Fund            | Investment Grade Bond Fund            | CUSIP: 782493175<br>LEI: 6XE31ODZPBO0SIDX5S75 | Long             | EC               | RF                | US        |   5802261 | NS      | $106413475.41 | 17.22%            |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Small Cap Equity Fund            | U.S. Small Cap Equity Fund            | CUSIP: 782493266<br>LEI: Z3PZWNK5SYVMTLL03992 | Long             | EC               | RF                | US        |    459565 | NS      | $12334718.61  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Opportunistic Credit Fund             | Opportunistic Credit Fund             | CUSIP: 782494181<br>LEI: QMX8CVY41B3G014K7N60 | Long             | EC               | RF                | US        |   2825987 | NS      | $24557829.25  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Infrastructure Fund            | Global Infrastructure Fund            | CUSIP: 782494249<br>LEI: YLLCHFXPBQ1D4DCY1U29 | Long             | EC               | RF                | US        |   1220714 | NS      | $12671007.37  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerging Markets Fund                 | Emerging Markets Fund                 | CUSIP: 782494439<br>LEI: TUWQFBBWGP866F5SFO52 | Long             | EC               | RF                | US        |   1393305 | NS      | $31920627.42  | 5.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Equity Fund                    | Global Equity Fund                    | CUSIP: 782494447<br>LEI: VTHOU527SFHXM6LQY641 | Long             | EC               | RF                | US        |  15784289 | NS      | $180414423.60 | 29.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Multi-Strategy Income Fund            | Multi-Strategy Income Fund            | CUSIP: 78249R214<br>LEI: 549300A5DFWAE2ARUU44 | Long             | EC               | RF                | US        |   4765463 | NS      | $49751437.01  | 8.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Multifactor International Equity Fund | Multifactor International Equity Fund | CUSIP: 78249R289<br>LEI: 5493004SX31W5EXJ2590 | Long             | EC               | RF                | US        |   2822702 | NS      | $37598395.65  | 6.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Multifactor U.S. Equity Fund          | Multifactor U.S. Equity Fund          | CUSIP: 78249R347<br>LEI: 549300PPT7741EJKD754 | Long             | EC               | RF                | US        |   4859832 | NS      | $64684369.82  | 10.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Long Duration Bond Fund               | Long Duration Bond Fund               | CUSIP: 78250F398<br>LEI: 549300VRXC77M7KZRU37 | Long             | EC               | RF                | US        |   3409990 | NS      | $27007122.93  | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Strategic Equity Fund            | U.S. Strategic Equity Fund            | CUSIP: 78250K611<br>LEI: BRBLDEE3W4XF96JMJI77 | Long             | EC               | RF                | US        |    905371 | NS      | $15336991.41  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** RUSSELL INVESTMENT CO

**Signature:** Ross Erickson

**Name of Signer:** Ross Erickson

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