Konnekt Live XLR Phono Cable -Turn phantom power on?

Konnekt Live XLR Phono Cable -Turn phantom power on?

I connected my turntable with the supplied rca xlr cable with the Konnekt Live. I experienced low input, until I pressed the phantom power to On.
Is phantom power supposed to be on to feed power to the electronics inside the xlr plugs?

Please advice.

Regards, Ben

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Source: http://forum.tcelectronic.com