Hi,
First of all, it is suggested to confirm that the GPO was applied successfully. You can confirm that by running the following command (run the CMD as administrator):
Gpresult /h c:\report.html
And based on my understanding, the events will be logged only when the apps are suspicious or malicious.
https://learn.microsoft.com/en-us/microsoft-365/security/defender-endpoint/evaluate-controlled-folder-access?view=o365-worldwide
Best Regards,