I don´t think so. It lists them all, but transfers almost none. For example my nextcloud data share is listed with 142000 files, but created 0, deleted 0, transferred 0. Total bytes sent 3.75M, received 24,84K, speedup 18,959.32. The other shares list way less of that and the speedup is 784,059,192.20 on a 200GB share.
I have an NFS share mounted from the remote server to transfer to.
Everytime i check the logs, it is at the clean up stage of one of the shares.
Edit: almost forgot: Thank you for your reply!