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    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000824036</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000017037</seriesId>
        <classId>C000047304</classId>
      </seriesClassInfo>


    </filerInfo>
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      <regName>RUSSELL INVESTMENT FUNDS</regName>
      <regFileNumber>811-05371</regFileNumber>
      <regCik>0000824036</regCik>
      <regLei>549300SYCXI2ML7BN524</regLei>
      <regStreet1>1301 SECOND AVENUE</regStreet1>
      <regStreet2>18TH FLOOR</regStreet2>
      <regCity>SEATTLE</regCity>
      <regStateConditional regCountry="US" regState="US-WA"/>
      <regZipOrPostalCode>98101</regZipOrPostalCode>
      <regPhone>800-787-7354</regPhone>
      <seriesName>Moderate Strategy Fund</seriesName>
      <seriesId>S000017037</seriesId>
      <seriesLei>DQF2HL1NDLUNN2D09702</seriesLei>
      <repPdEnd>2021-12-31</repPdEnd>
      <repPdDate>2021-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>61870.20</totLiabs>
      <netAssets>96926133.93</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
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      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <fairValLevel>1</fairValLevel>
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        <name>Emerging Markets Fund</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Strategic Bond Fund</name>
        <lei>D07H1KQBUJ8IJWFT1668</lei>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Investment Grade Bond Fund</name>
        <lei>6XE31ODZPBO0SIDX5S75</lei>
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          <isin value="US7824931759"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Global Equity Fund</name>
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          <isin value="US7824944471"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>International Developed Markets Fund</name>
        <lei>OBN5HZOV2KJPBU8D6051</lei>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Global Real Estate Securities Fund</name>
        <lei>C8PHRWSYC6CV404R0D13</lei>
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          <isin value="US7824916099"/>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Unconstrained Total Return Fund</name>
        <lei>549300XXLJ6MGU95XN21</lei>
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        <cusip>78250F679</cusip>
        <identifiers>
          <isin value="US78250F6795"/>
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        <balance>209987.97400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1929789.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. Small Cap Equity Fund</name>
        <lei>4TSZIINZENZIS9XYIQ87</lei>
        <title>U.S. Small Cap Equity Fund</title>
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        <identifiers>
          <isin value="US7824912031"/>
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        <balance>254723.83900000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <pctVal>4.012986861530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Multi-Strategy Income Fund</name>
        <lei>549300A5DFWAE2ARUU44</lei>
        <title>Multi-Strategy Income Fund</title>
        <cusip>78249R214</cusip>
        <identifiers>
          <isin value="US78249R2141"/>
        </identifiers>
        <balance>919130.98900000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9733597.17000000</valUSD>
        <pctVal>10.04228351564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The calculation of portfolio-level risk metrics does not look through to the holdings of underlying fixed income funds." noteItem="B.3.b"/>
      <explntrNote note="The calculation of portfolio-level risk metrics does not look through to the holdings of underlying fixed income funds." noteItem="B.3.a"/>
      <explntrNote note="The calculation of portfolio-level risk metrics does not look through to the holdings of underlying fixed income funds." noteItem="B.3.c"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-01-28</ncom:dateSigned>
      <ncom:nameOfApplicant>RUSSELL INVESTMENT FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Mark Swanson</ncom:signature>
      <ncom:signerName>Mark Swanson</ncom:signerName>
      <ncom:title>President, Chief Executive Officer, Treasurer, Chief Accounting Officer and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
