The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
Report for the Calendar Year or Quarter Ended: 03-31-2023
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Russell Investments Group, Ltd.
Address: 1301 Second Avenue
18th Floor
Seattle, WA  98101
Form 13F File Number: 028-17598
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Kari Seabrands
Title: Senior Director, Head of Global Fund Services
Phone: 206-505-5462
Signature, Place, and Date of Signing:
/s/ Kari Seabrands Seattle,  WA 05-09-2023
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
   13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 42
Form 13F Information Table Entry Total: 14,769
Form 13F Information Table Value Total: 50,973,260,553
(round to nearest dollar)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK
1 AEW Capital Management, L.P. 28-06538 000108633 801-53421  
2 Acadian Asset Management LLC 28-05990 000106609 801-28078  
3 Advent Capital Management, LLC 28-05049 000113013 801-60263  
4 Algert Global LLC 28-10860 000125523 801-61878  
5 Arrowstreet Capital, Limited Partnership 28-10005 000111298 801-56633  
6 Axiom Investors LLC 28-05615 000109605 801-56651  
7 Baillie Gifford & Co 28-04825 000304197 802-116796  
8 Barings LLC 28-00060 000106006 801-241  
9 Barrow, Hanley, Mewhinney & Strauss, LLC 28-01006 000105519 801-31237  
10 BlueBay Asset Management LLP 28-12524 000122793 801-61494  
11 Boston Partners Global Investors, Inc. 28-12484 000124982 801-61786  
12 Brandywine Global Investment Management, LLC 28-02204 000110783 801-27797  
13 Calamos Advisors LLC 28-11166 000105758 801-29688  
14 Cohen & Steers Capital Management, Inc. 28-02405 000106266 801-27721  
15 Copeland Capital Management, LLC 28-14668 000135822 801-68586  
16 DePrince, Race & Zollo, Inc. 28-05268 000112099 801-48779  
17 Easterly Investment Partners LLC 28-19504 000299607 801-114563  
18 Fiera Capital Corporation 28-14036 000154966 801-71885  
19 GQG Partners LLC 28-17876 000283720 801-107734  
20 Hosking Partners LLP 28-17007 000173527 801-80523  
21 IMPAX ASSET MANAGEMENT LIMITED 28-13410 000143247 801-67631  
22 Intermede Investment Partners Limited 28-17109 000175312 801-110745  
23 Jacobs Levy Equity Management, Inc. 28-03059 000107022 801-28257  
24 Janus Capital International Limited 28-18251 000104652 801-13991  
25 Jupiter Investment Management Limited 28-04383 000155958 802-80483  
26 Keywise Capital Management (HK) Limited 28-14858 000160593 801-76775  
27 Kopernik Global Investors LLC 28-15794 000168625 801-78514  
28 Lazard Asset Management LLC 28-06588 000122836 801-61701  
29 Mar Vista Investment Partners, LLC 28-13243 000144906 801-68369  
30 Morgan Stanley Investment Management Inc. 28-11866 000110353 801-15757  
31 Numeric Investors LLC 28-11946 000131684 801-63276  
32 Oaktree Capital Management, L.P. 28-05050 000106793 801-48923  
33 Oaktree Fund Advisors, LLC 28-21340 000290193 801-112570  
34 Polaris Capital Management, LLC 28-11073 000106278 801-43216  
35 Pzena Investment Management, LLC 28-03791 000106847 801-50838  
36 RREEF America L.L.C. 28-04760 000109596 801-55209  
37 Resolution Capital Limited 28-16205 000142409 801-67600  
38 Russell Investments Trust Company 28-01096      
39 Sanders Capital, LLC 28-14100 000151480 801-70661  
40 StonePine Asset Management Inc. 28-23078 000317431 801-122764  
41 Wellington Management Company LLP 28-04557 000106595 801-15908  
42 Western Asset Management Company, LLC 28-10245 000110441 801-8162