Granular Synth Component does not generate sound on non-Force Inline assets

Granular Synth Component is not generating a sound as it previously did.

1. Create new Blank Project with Starter Content in Preview 1
2. Create a new Empty Level
3. Create new Blueprint Actor
4. Add a Granular Synth Component
5. Create a reference to the Granular Synth Component in the event graph
6. From the reference connect a 'Set Sound Wave' node to 'Event Begin Play' node
7. Set the In Sound Wave pin to "Collaspse02"
8. From the reference connect a 'Start' node to the 'Set Sound Wave' node
9. From the reference connect a 'Note On' node to the 'Start' node
10. On the 'Note On' node set Note pin to 600; set Velocity pin to 254; set Duration pin to -1.0(if it isn't)
11. Compile, save, then close the Blueprint
12. Place the Blueprint Actor in the level then press play

Expected Results:
As in 4.27.2 a sound like stuttering will be heard.

Actual Results:
No sound can be heard.