diff --git a/eth_portfolio/_ledgers/address.py b/eth_portfolio/_ledgers/address.py
index 462310a5..f24972ef 100644
--- a/eth_portfolio/_ledgers/address.py
+++ b/eth_portfolio/_ledgers/address.py
@@ -694,7 +694,7 @@ async def _load_new_objects(
                 async for internal_transfer in a_sync.as_completed(
                     tasks, aiter=True, tqdm=True, desc=tqdm_desc
                 ):
-                    if internal_transfer:
+                    if internal_transfer is not None:
                         append_transfer(internal_transfer)
                         yield internal_transfer
                     done += 1