Capo Not Transposing As Documentation And Other Topics Suggest

I’ve reviewed a few topics about this but can’t find a solution. Using Dorico Pro Version 5.1.81.2225 (Jan 16 2025).

I set a capo 2 on the instrument definition.
I select show capo chord in the player (tried various here i’ve selected show both capo chord and main chord for illustration)
But neither the notes nor the chords on my guitar staff are transposing to reflect the capo.

What am I missing?

Layout options>Players>Fretted instruments?

I suspect Marc is correct, but if not, could you post your project file here (or a short excerpt from it) as it’ll be much easier to see what might be wrong.