See discussion at [e70481a4]. Snippet:
Standard INITIALIZE never changes filler items
Quoted from ANSI INCITS 23-1985:
Index data items and elementary FILLER data items are not affected by the execution of an INITIALIZE statement.
Where 2002 adds the [WITH] FILLER phrase
the following data items are excluded as receiving-operands [and are therefore unchanged]: [...] If the FILLER phrase is not specified, elementary data items with an explicit or implicit FILLER clause
Nonetheless it should always initialize if the item es ref-modded, see Edwards comment.
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