Reproduction steps:

1. Open the attached project “DefferedVFX.zip“
2. Open the “SampleScene“
3. Open the Game View
4. Observe the result

Expected result: The sphere has a solid non-transparent colour applied to it and is affected by the spot/point light source
Actual result: The sphere appears to be transparent allowing the 3D Cube GameObject to be seen behind

Reproducible in: 6000.0.22f1
Could not test with: 2022.3.49f1, 2021.3.44f1 (Feature “Compatibility Mode“ unavailable)

Reproducible on: Windows 10, macOS 14.6.1 (M1 Pro), macOS 14.7 M2 (user)

Workaround:

1. Open Project Settings → Graphics
2. Under the Render Graph title, enable “Compatibility Mode (Render Graph Disabled)“