# EDGAR Filing Document

**Accession Number:** 0000824036
**File Stem:** 0001752724-23-042394
**Filing Date:** 2023-2
**Character Count:** 7204
**Document Hash:** 28300ba123d7e177f0275d67d300aa26
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-042394.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-042394

**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:** 23672963

**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

### Moderate Strategy Fund (Series ID: S000017037)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000047304 | Moderate Strategy Fund | RIFGX           |

## 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:** Moderate Strategy Fund

- **b. EDGAR series identifier (if any):** S000017037

- **c. LEI of Series:** DQF2HL1NDLUNN2D09702

**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:** $72043726.38

**Total Liabilities:** $51413.16

**Net Assets:** $71992313.22

**Cash Not Reported:** $0.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000047304 | 2.33%                | 5.55%                | -2.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-154484.02              | $1528238.25                                |
| Month 2  | $-80757.40               | $3993016.82                                |
| Month 3  | $-74691.27               | $-2761276.92                               |

**Designated Index Information**

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

- **Index Identifier:** CMP000125

### 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        |    435302 | NS      | $6799423.10   | 9.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerging Markets Fund                | Emerging Markets Fund                | CUSIP: 782494439<br>LEI: TUWQFBBWGP866F5SFO52 | Long             | EC               | RF                | US        |    101003 | NS      | $1442324.48   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Bond Fund                  | Strategic Bond Fund                  | CUSIP: 782491401<br>LEI: D07H1KQBUJ8IJWFT1668 | Long             | EC               | RF                | US        |   2725708 | NS      | $23822684.89  | 33.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Investment Grade Bond Fund           | Investment Grade Bond Fund           | CUSIP: 782493175<br>LEI: 6XE31ODZPBO0SIDX5S75 | Long             | EC               | RF                | US        |    549472 | NS      | $10060834.24  | 13.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Global Equity Fund                   | Global Equity Fund                   | CUSIP: 782494447<br>LEI: VTHOU527SFHXM6LQY641 | Long             | EC               | RF                | US        |   1749270 | NS      | $13329435.50  | 18.52%            |  |  |  | No            |                  1 | On Loan: No      |
| International Developed Markets Fund | International Developed Markets Fund | CUSIP: 782491302<br>LEI: OBN5HZOV2KJPBU8D6051 | Long             | EC               | RF                | US        |    273818 | NS      | $2886038.76   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Real Estate Securities Fund   | Global Real Estate Securities Fund   | CUSIP: 782491609<br>LEI: C8PHRWSYC6CV404R0D13 | Long             | EC               | RF                | US        |    173778 | NS      | $2144421.17   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Unconstrained Total Return Fund      | Unconstrained Total Return Fund      | CUSIP: 78250F679<br>LEI: 549300XXLJ6MGU95XN21 | Long             | EC               | RF                | US        |    172324 | NS      | $1454414.34   | 2.02%             |  |  |  | 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        |    229804 | NS      | $2886333.27   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Multi-Strategy Income Fund           | Multi-Strategy Income Fund           | CUSIP: 78249R214<br>LEI: 549300A5DFWAE2ARUU44 | Long             | EC               | RF                | US        |    822075 | NS      | $7217816.61   | 10.03%            |  |  |  | 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