A trim valve includes a valve housing having an inlet section and an outlet section. A valve shaft is mounted to the valve housing to be stationary with respect thereto. The valve shaft includes an internal flow passage in fluid communication with the outlet section of the valve housing. A valve rotor is disposed inboard of the valve housing and outboard of the valve shaft for modulating flow through the valve housing. The valve rotor is mounted for rotational movement within the valve housing between a fully open position in which a flow path is defined between the inlet and outlet sections of the valve housing, and a reduced flow position in which the valve rotor at least partially blocks the flow path. An actuator is operatively connected to the valve housing to actuate the valve rotor between the fully open and reduced flow positions.