The Thrivent Moderately Conservative Allocation Fund Class S (TCAIX) is a mutual fund that aims to provide moderate growth and income by investing in a mix of stocks, bonds, and other securities. This fund is suitable for investors who are looking for a balanced approach to their investments, with a focus on preserving capital while also generating some returns. With a moderate level of risk, this fund is ideal for those who have a conservative investment style and are looking for a steady, long-term investment option.