diff --git a/src/settings/nm-settings-connection.c b/src/settings/nm-settings-connection.c
index 3cc2962640..9c23ebed6a 100644
--- a/src/settings/nm-settings-connection.c
+++ b/src/settings/nm-settings-connection.c
@@ -430,7 +430,7 @@ has_system_owned_secrets (GHashTableIter *iter,
 {
 	gboolean *has_system_owned = user_data;
 
-	if (!(flags & NM_SETTING_SECRET_FLAG_AGENT_OWNED)) {
+	if (flags == NM_SETTING_SECRET_FLAG_NONE) {
 		*has_system_owned = TRUE;
 		return FALSE;
 	}