This type object has no attributes. Each individual letter has the same color blue applied at the character (not type object) level, as is normal. The W has an opacity of 10%, the R is at 50%, the O and D are unaltered. The Layers panel shows no attribute applied to the object, which is literally true. Are opacity attributes applied to the letters? Yes and No.
Here an opacity of 30% is applied to the type object, which is indicated in the Layers panel. The W, which was already at 10% is now reduced to 30% of 10%, or 3%, and the R to 15%.
While in my opinion it's not a bug, just the way it works, you are, of course, welcome to go to https://illustrator.uservoice.com/ to report it or to enter a feature request.
Peter
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