SYMPTOM
When the "Folder" attribute is added to an Enterprise Manager report, a value of "NO LOCATION AVAILABLE" appears for every row in Strategy 9.4.x as shown below.

The IS_REP_LOC column in the IS_REP table of the statistics database shows the correct folder paths, and running a report with only the "Folder" attribute on the template returns the correct folder paths.
STEPS TO REPRODUCE
CAUSE
This is a known issue in Strategy Enterprise Manager 9.4.x
ACTION
This issue has been fixed in Strategy Enterprise Manager 10.0 and later. Upgrade to Strategy Secure Enterprise 10.x to take advantage of the fix.