# EDGAR Filing Document

**Accession Number:** 0000824036
**File Stem:** 0001752724-23-042395
**Filing Date:** 2023-2
**Character Count:** 6855
**Document Hash:** 842895235ef6120b6e7e5131c58e1470
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-042395.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-042395

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RUSSELL INVESTMENT FUNDS
- **CENTRAL INDEX KEY:** 0000824036
- **IRS NUMBER:** 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:** 23672962

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SECOND AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101
- **BUSINESS PHONE:** 800-787-7354

**MAIL ADDRESS:**
- **STREET 1:** 1301 SECOND AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101

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

## Series and Classes Contracts Data

### Balanced Strategy Fund (Series ID: S000017038)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000047305 | Balanced Strategy Fund | RIFHX           |

## 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:** 1301 SECOND AVENUE

  - **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):** S000017038

- **c. LEI of Series:** RFKHJ1J29BCY0XSHR617

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $203294889.18

**Total Liabilities:** $96800.89

**Net Assets:** $203198088.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000047305 | 4.09%                | 6.49%                | -2.89%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-214566.92              | $7518108.23                                |
| Month 2  | $-199381.80              | $13052322.93                               |
| Month 3  | $-139896.57              | $-10321295.35                              |

**Designated Index Information**

- **Index Name:** RIF Balanced Strategy Fund Composite 2021-04-21

- **Index Identifier:** CMP000130

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| U.S. Strategic Equity Fund           | U.S. Strategic Equity Fund           | CUSIP: 782491104<br>LEI: HJF4I4G3NRRGIEG5Z262 | Long             | EC               | RF                | US        |   1864822 | NS      | $29128518.20  | 14.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Emerging Markets Fund                | Emerging Markets Fund                | CUSIP: 782494439<br>LEI: TUWQFBBWGP866F5SFO52 | Long             | EC               | RF                | US        |    355947 | NS      | $5082921.30   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Bond Fund                  | Strategic Bond Fund                  | CUSIP: 782491401<br>LEI: D07H1KQBUJ8IJWFT1668 | Long             | EC               | RF                | US        |   6439874 | NS      | $56284496.14  | 27.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Global Equity Fund                   | Global Equity Fund                   | CUSIP: 782494447<br>LEI: VTHOU527SFHXM6LQY641 | Long             | EC               | RF                | US        |   8629490 | NS      | $65756717.18  | 32.36%            |  |  |  | No            |                  1 | On Loan: No      |
| International Developed Markets Fund | International Developed Markets Fund | CUSIP: 782491302<br>LEI: OBN5HZOV2KJPBU8D6051 | Long             | EC               | RF                | US        |    997195 | NS      | $10510435.19  | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Real Estate Securities Fund   | Global Real Estate Securities Fund   | CUSIP: 782491609<br>LEI: C8PHRWSYC6CV404R0D13 | Long             | EC               | RF                | US        |    645480 | NS      | $7965218.31   | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Unconstrained Total Return Fund      | Unconstrained Total Return Fund      | CUSIP: 78250F679<br>LEI: 549300XXLJ6MGU95XN21 | Long             | EC               | RF                | US        |    483390 | NS      | $4079813.59   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Small Cap Equity Fund           | U.S. Small Cap Equity Fund           | CUSIP: 782491203<br>LEI: 4TSZIINZENZIS9XYIQ87 | Long             | EC               | RF                | US        |    638432 | NS      | $8018703.43   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Multi-Strategy Income Fund           | Multi-Strategy Income Fund           | CUSIP: 78249R214<br>LEI: 549300A5DFWAE2ARUU44 | Long             | EC               | RF                | US        |   1875634 | NS      | $16468065.86  | 8.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-18

**Name of Applicant:** RUSSELL INVESTMENT FUNDS

**Signature:** Mark Swanson

**Name of Signer:** Mark Swanson

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