The new 'Color Grading' VFX appears ticked in the Video Track FX chain even though it hasn't been applied on this level. At some stage, it appears to 'have added itself'.
I have, in accordance with the manual, applied Color Grading to clips only on the event level on that track, and it shows up as such..
There's other FX (FilmConvert, ColorFast2) on track FX level.
Not sure if this is intended, a bug, or user error..