On the install screen you have the option of installing HFX Vol1, 2 or 3, also Premium pack vol 2 and creative pack VI. As you highlight each of these options, to the right it says that each one will take 0kb of disc space. If you still install any of these, I still do not have HFX in my transitions, even after a re-boot
HFX Vol 1 & a selection of HFX Transitions eg; Family Fun etc are included with Studio 12/14/15 Program & aren't Bonus Content. See Screenshot 1.
HFX Vols 2 & 3, Premium Pack & Creative Pack V1 are all separate "Plugins" either supplied as a "Bonus" feature with Studio special offers or needed to be purchased & Installed separately. Neither of those were included in the defunct S10/11 separate "Bonus" Content DVD (Most of which although it Installed was a watermarked Trial & needed to be purchased via an Activation Key if you wanted it).
The reason for the Content Transfer wizard in S12/14/15 is to transfer any Purchased Premium Content that was on S10/11 Content DVD .
Btw- You need to Select "Show Premium Content" & "Show Premium Features" in Studio Program Setup / Project Preferences, to display Premium Content in Video Effects. See Screenshot 2.
There have been many Posts with only 2D Transitions (And only some of those showing), over the years. The usual Fix is to Install Studio again (Not Reinstall) & select the "Repair" Option In the following Pop-up..
These problems are historical, depending upon how you acquired any "Bonus" content in the first place. Only you would know that
Screenshot 1:
.