Find Materials Does Not Import Materials for Alembic or Geometry Cache File

Alembic file materials do not import into the editor when Find Materials is selected.

-Create Materials is also not creating materials for imported ABC asset.
-Asset was created in Maya 2016, unwrapped, and textured and exported with Write Face Sets
-Alembic from Maya does not look to support materials but the editor's import options suggest this is an available option
-This also occurs with static meshes

1. Create a new empty project
2. Import attached asset as static or skeletal mesh using the import settings below/using Find Materials (see attached screenshot)
3. Import asset
4. See no material is imported with the asset

Expected: Material is imported when using Find Materials under Materials when importing an ABC file exported with Face Sets

Result: Materials do not import into the editor with ABC file when imported as a standard Alembic file or a Geometry Cache(with Write Face Sets selected on export from Maya 2016) and Find Materials is selected