Begin and End Overlap events continuously trigger while a character moves within a collision component of a Blueprint Actor that Simulates Physics if the collision component has Auto Weld enabled

Begin and End Overlap events continuously trigger while a character moves within a collision component of a Blueprint Actor that Simulates Physics if the collision component has Auto Weld enabled.

User's test project attached.

Reproducible in 4.9.1-2689999

https://answers.unrealengine.com/questions/306892/bug-with-overlaps-events-and-physics-simulation.html

1. Open the attached test project named 'OverlapTest'
2. PIE
3. Walk into the trigger sphere of the Pickup bp

Result:
BeginOverlap and EndOverlap will be triggered multiple times

Expected:
For BeginOverlap and EndOverlap to be triggered once like they are when Auto Weld and Physics Simulation is disabled