XML 70 R60.htm IDEA: XBRL DOCUMENT
v3.22.4

Financial Highlights (Details) - Schedule of financial highlights - USD ($) | 3 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Investment Company, Financial Highlights [Line Items] |  |  |  |  |
Net Asset Value per share at Beginning of Period |  | $ 57.49 | $ 57.08 |  |
Results of Operations: |  |  |  |  |
Net Investment Income/(Loss) | [1] | 0.78 | 0.08 |  |
Net Realized Gain/(Loss) on Investments |  | 0.01 | 6.05 |  |
Net Unrealized Gain/(Loss) on Investments |  | 1.09 | (4.1) |  |
Net loss on extinguishment of debt |  |  | (0.12) |  |
Net Increase (Decrease) in Net Assets Resulting from Operations |  | 1.88 | 1.91 |  |
Capital Share Transactions |  |  |  |  |
Repurchase of common stock under stock repurchase program |  | 0.01 |  |  |
Net Increase (Decrease) Resulting from Capital Share Transactions |  | 0.01 |  |  |
Net Asset Value per share at End of Period |  | $ 59.38 | $ 58.99 |  |
Net Assets at End of Period (in Dollars) |  | $ 124,692,805 | $ 148,496,991 | $ 120,845,408 | $ 143,693,981
Shares Outstanding at End of Period (in Shares) |  | 2,099,824 | 2,517,221 | 2,102,129 |
Per share market value at end of period |  | $ 31.05 | $ 41.83 |  |
Total return based on market value | [2] | (10.98%) | 134.60% |  |
Total return based on net asset value | [3] | 3.18% | (1.41%) |  |
Portfolio turnover rate |  | 3.75% | 188.23% |  |
Ratio of net investment/(loss) income to average net assets after waivers, discounts and reimbursements | [4] | 1.28% | (0.08%) |  |
Ratio of total expenses to average net assets | [4] | 2.38% | 7.76% |  |
Percentage of non-recurring fee income | [4],[5] | 1.56% | 9.31% |  |
Average debt outstanding (in Dollars) | [6] | $ 80,021,800 | $ 78,934,300 |  |
Average debt outstanding per common share |  | $ 38.09 | $ 31.36 |  |
Asset coverage ratio per unit (in Dollars) | [7] | $ 2,597 | $ 2,913 |  |
Total Debt Outstanding (in Dollars) |  | 80,022,000 |  | $ 80,022,000 |
2023 Notes [Member] |  |  |  |  |
Capital Share Transactions |  |  |  |  |
Total Debt Outstanding (in Dollars) | [8] | $ 22,521,800 | $ 22,521,800 |  |
Average market value per unit |  | $ 25.1 | $ 25.44 |  |
2028 Notes [Member] |  |  |  |  |
Capital Share Transactions |  |  |  |  |
Total Debt Outstanding (in Dollars) | [8] | $ 57,500,000 | $ 57,500,000 |  |
Average market value per unit |  | $ 23.55 | $ 25.13 |  |
[1] | Net investment income/(loss) excluding management and incentive fee waivers, discounts and reimbursements based on total weighted average common stock outstanding equals $0.78 and $0.08 per share for the three months ended December 31, 2022 and 2021 respectively.
[2] | Total return is historical and assumes changes in share price, reinvestments of all dividends and distributions at prices obtained under the Company’s dividend reinvestment plan, and no sales charge for the period. Calculation is not annualized.
[3] | Total return is historical and assumes changes in NAV, reinvestments of all dividends and distributions at prices obtained under the Company’s dividend reinvestment plan, and no sales charge for the period. Calculation is not annualized.
[4] | Ratios are annualized during interim periods.
[5] | Represents the impact of the non-recurring fees as a percentage of total investment income.
[6] | Based on daily weighted average carrying value of debt outstanding during the period.
[7] | Asset coverage per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness.
[8] | Total amount of each class of senior securities outstanding at the end of the period excluding debt issuance costs.

X
- Definition Asset coverage ratio per unit. + References No definition available. + Details
Name: | pfx_AssetCoverageRatioPerUnit
Namespace Prefix: | pfx_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Average debt outstanding per common share. + References No definition available. + Details
Name: | pfx_AverageDebtOutstandingPerCommonShareinShares
Namespace Prefix: | pfx_
Data Type: | dtr:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Average market value per unit of notes payable. + References No definition available. + Details
Name: | pfx_AverageMarketValuePerUnitOfNotesPayable
Namespace Prefix: | pfx_
Data Type: | dtr:perShareItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | pfx_CapitalShareTransactionsAbstract0
Namespace Prefix: | pfx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per-Share of Repurchase of common stock under stock repurchase program. + References No definition available. + Details
Name: | pfx_InvestmentCompanyRepurchasesOfCommonstock
Namespace Prefix: | pfx_
Data Type: | dtr:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of return based on market value. + References No definition available. + Details
Name: | pfx_InvestmentsCompanyTotalReturnMarketValue
Namespace Prefix: | pfx_
Data Type: | dtr:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of non-recurring fee income. + References No definition available. + Details
Name: | pfx_PercentageOfNonrecurringFeeIncomeinDollars
Namespace Prefix: | pfx_
Data Type: | dtr:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of portfolio turnover rate. + References No definition available. + Details
Name: | pfx_PortfolioTurnoverRate
Namespace Prefix: | pfx_
Data Type: | dtr:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share amount of realized gain (loss) on investment. + References No definition available. + Details
Name: | pfx_RealizedInvestmentGainsLossesPerShare
Namespace Prefix: | pfx_
Data Type: | dtr:perShareItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | pfx_ResultsOfOperationsAbstract
Namespace Prefix: | pfx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share amount of unrealized gain (loss) on investment. + References No definition available. + Details
Name: | pfx_UnrealizedInvestmentGainsLossesPerShare
Namespace Prefix: | pfx_
Data Type: | dtr:perShareItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap-sup_InvestmentCompanyMarketValuePerShare
Namespace Prefix: | us-gaap-sup_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of net assets (liabilities). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=77885760&loc=SL35686385-199418 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=118262037&loc=d3e9915-115836 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 220 -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -URI https://asc.fasb.org/extlink&oid=120401555&loc=SL114874367-224272 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -URI https://asc.fasb.org/extlink&oid=120401414&loc=d3e604008-122996 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 220 -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -URI https://asc.fasb.org/extlink&oid=120401555&loc=SL114874367-224272 + Details
Name: | us-gaap_AssetsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_CommonStockSharesOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Per share impact of the gain (loss) on the extinguishment of debt, net of applicable taxes. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126972273&loc=d3e12317-112629 + Details
Name: | us-gaap_ExtinguishmentOfDebtGainLossPerShareNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of expense, after incentive allocation, to average net assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=25866437&loc=d3e10342-115837 + Details
Name: | us-gaap_InvestmentCompanyExpenseRatioAfterIncentiveAllocation
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_InvestmentCompanyFinancialHighlightsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share or unit amount of investment income (loss) and realized and unrealized gain (loss) on investment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 50 -Paragraph 7 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=25866437&loc=d3e10246-115837 + Details
Name: | us-gaap_InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share or unit amount, after investment expense, of dividend and interest investment income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 50 -Paragraph 7 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=25866437&loc=d3e10246-115837 + Details
Name: | us-gaap_InvestmentCompanyInvestmentIncomeLossPerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage, after incentive allocation, of investment income (loss) to average net assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=25866437&loc=d3e10342-115837 + Details
Name: | us-gaap_InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share or unit amount of increase (decrease) in net asset value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 50 -Paragraph 7 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=25866437&loc=d3e10246-115837 + Details
Name: | us-gaap_InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage increase (decrease) in fund net asset value, assuming reinvestment of dividends and capital gain distributions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 50 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=25866437&loc=d3e10411-115837 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 50 -Paragraph 18 -URI https://asc.fasb.org/extlink&oid=25866437&loc=d3e10396-115837 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 50 -Paragraph 19 -URI https://asc.fasb.org/extlink&oid=25866437&loc=d3e10403-115837 + Details
Name: | us-gaap_InvestmentCompanyTotalReturn
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Average amount outstanding of long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph (a) Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph (b) -Subparagraph (1) + Details
Name: | us-gaap_LongTermDebtAverageAmountOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Net asset value per share or per unit of investments in certain entities that calculate net asset value per share. Includes, but is not limited to, by unit, membership interest, or other ownership interest. Investment includes, but is not limited to, investment in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Excludes fair value disclosure. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 35 -Paragraph 54B -URI https://asc.fasb.org/extlink&oid=126972413&loc=SL7495116-110257 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 50 -Paragraph 7 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=25866437&loc=d3e10246-115837 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -Section 50 -Paragraph 7 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=25866437&loc=d3e10246-115837 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 6A -URI https://asc.fasb.org/extlink&oid=126976982&loc=SL6742756-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 35 -Paragraph 59 -URI https://asc.fasb.org/extlink&oid=126972413&loc=SL6740821-110257 + Details
Name: | us-gaap_NetAssetValuePerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=pfx_TwoThousandTwentyThirdNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=pfx_TwoThousandTwentyEighthNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |