When it comes to timber, Kent Croft sees both the forest and the trees.
His five-star Croft Value Fund is up an average of 12.27 percent per year over the last five years.
"Timber is not normally correlated very highly with stock and bond markets, but I also think it's a wonderful time to get in," he told CNBC. "The reason you want to get in is sort of the inherent economics of a tree: As a tree grows, obviously the volume increases, but, also, the per-unit use of that volume increases in price."
His first pick in the space is Plum Creek Timber, which he says holds 8 million acres.