Materials are incorrect on static mesh made from skeletal mesh

When creating a static mesh from a skeletal mesh, the materials will be incorrectly assigned on the static mesh.

1. Open Content Examples in editor.
2. Find the animation MontageExample_Punch_1 and open it in Persona.
3. Click Make Static Mesh.
4. Name the asset and select a folder location and click OK.
5. Open the created asset in the Static Mesh editor.

RESULT:

Materials are in the wrong location.