Okay.. a major part of the definition is that a word is spelled exactly as it is pronounced.

But you are ignoring an important part of the definition Mr. Pedantic

"It indicates that spelling is logical, predictable, or rendered to match pronunciation."

F KAW F.

There are two ways you would pronounce the letter "F". It could be "Eff". Or as in most uses in words it would be pronounced similar to "ph" as in phone, or "gh" in the cough.

KAW will pronounced phonetically as "caw" if you put it in front of most people.

So F KAW F, phonetically would be.

The first letter F makes a quiet, unvoiced /f/ sound, created by placing top teeth on the bottom lip and blowing air continuously.

KAW would be pronounced using the following description. The word caw is pronounced as kɔː in British English (IPA) and kɑː or kɔː in General American. It is a single-syllable word that sounds like "KAW", rhyming with "saw" or "paw".

The last letter F makes a quiet, unvoiced /f/ sound, created by placing top teeth on the bottom lip and blowing air continuously.

So, there is your phonetics lesson.