"Replace with After Effects Composition" removes my transitions and trims the clip

Steps to reproduce:
1. In a sequence, add some transitions each side of a clip.

2. Right-click it, and do "replace with AE comp".

 
Result

See how the resulting comp is only the duration of the clip without 'handles', and the incoming/outgoing transitions are removed

Expected:

PPro should retain the transitions, take these into account, and create the AE comp to be the duration of the clip PLUS the duration of the transitions. And retain the transitions. It'd also be nice to have the option to add additional handles on each end of the clip (say, 10 frames or so - settable in the prefs) to give me some flexibilty in adjusting the transitions in future.
 
System info
    Application: Premiere Pro (Beta) v23.4.0.37
    OS: Windows v10.0.19045, RAM: 63.94 GB GB, CPUs (logical): 12