The mobo port called PWR_FAN has a special purpose. It is designed only to be used with power supply units (PSU) that have emerging from them a 3-wire set that looks just like those on a 3-pin fan, and ends in a 3-pin fan connector. IF your PSU has one of these, you plug this into the PWR_FAN port. All it does is feed the speed signal generated by the fan inside the PSU to your mobo to be monitored. This port does not actually provide power to the PSU's cooling fan, nor does it attempt to control that fan. IF the PSU fan is speed-controlled, that control is done internally by the PSU itself.
So, ideally, if you do NOT have such leads coming out of your PSU, you plug into the mobo PWR_FAN port NOTHING. However, many mobo makers have actually supplied the standard +12 VDC on port Pin #2, and Ground on Pin #1. So, if you plug into this port a standard 3-pin OR 4-pin fan, that fan will run at full speed at all times. Note that the port does NO speed control. If you do this, your fan monitoring software will tell you that the speed of the PSU fan is nnnn rpm, but of course that won't actually be the speed of the PSU fan.
Since any fan plugged into this port always runs at full speed, that is the same as connecting that fan (via adapter cable, perhaps) to a fixed +12 VDC and Ground connection directly from the PSU via a 4-pin Molex connector of the type used more commonly for IDE devices.