Apply Scene Offsets is not applied when looping a Timeline

When I set the Playable Director wrap mode to "Loop", my Animation track to "Apply Scene Offsets" and "runtime play" a character with root motion, I expect the root motion offset to be applied every time the Timeline loops (exactly like looping a clip by extending it).

Presently, at runtime, the root motion is not updated (repeats) after the Timeline loops, causing the character to re-start from the same position every loop.

repro:
- open project
- open TL-Walk_RM_loop scene
- runtime Play the scene...
bug: characters (Humanoid & Generic) repeat the walk motion from the start position every loop, no root motion offset is applied.
expected: character's walk is offset after every loop, making the characters move forward continuously.