Basic materials and the power to use them offer strong opportunities for investors, according to Kent Croft.
He's also enthusiastic about a familiar technology name.
His five-star Croft Value Fund is up an average of 12.37 percent per year over the last five years.
Croft likes what he sees as the under-appreciated companies likely to be involved in the rehabilitation of the nation's electric grid.
"Half the grid, or 1.1 million miles of it, was constructed between 1948 and 1970, and that equipment has basically a 40- to 50-year useful life," he said. "We're having increasing strains on the grid; we think (there are) certain companies that will have good growth rates going forward: General Cable, Quanta Services, and ABB."
Croft also fits Cisco Systems into his scheme.
"Broadband capacity...is going to continue to be used up and be constrained, and Cisco's at the heart of all that," he said. "We think it's a very reasonable long-term investment right now."