EMCopy Problem

I'm having an issue where it appears that the /xf switch is not working. I've created a simple directory structure that I can use for testing emcopy so that I can make sure that I fully understand its behavior before using it in production

I'm using the following command: emcopy64 d:\test1 d:\test2 /xf file1.txt /s /d

When I run it, it shows "Excluded File: file1.txt" but yet the file is copied from the folder test1 to test2