Yes, something is wrong. I have used numerous Panasonic MFT Native AF lenses, and have full control,iris and focus. Look at your camera menu, to see how you have Auto Exposure set, to get Manual iris control, you need to select Auto Expsure to Off on the display when you:
Camera must be fitted with a lens that supports changing aperture via the camera.
Tapping the ‘iris’ indicator once brings up the iris menu along the bottom of the touchscreen. You’ll see your current lens aperture at the far left of this menu. You can change the aperture by tapping the left and right arrows on either side of the current aperture, or moving the slider left or right.
While in the ‘iris’ menu, tap the arrows on either side of the iris indicator or use the slider to adjust iris settings
Tapping the ‘auto exposure’ switch icon at the far right of the iris menu opens the iris auto exposure menu.
This gives you the following auto exposure options.
Iris
This setting automatically adjusts the aperture to maintain a constant exposure while keeping shutter angle consistent. This will keep motion blur unaffected, but may affect your depth of field.
Iris + Shutter
Maintains the correct exposure levels by adjusting the aperture, then the shutter value. If the maximum or minimum available aperture is reached and exposure still cannot be maintained, your camera adjusts the shutter value to keep exposure consistent.
Shutter + Iris
Maintains the correct exposure levels by adjusting the shutter, then the aperture. If the maximum or minimum available shutter value is reached and exposure still cannot be maintained, your camera adjusts the aperture to keep exposure consistent.
To,the far right of the bar is Auto Esposure On/Off soft button. Once AF is off, you can use the exposure slider to change the front/stop, or use the left and right arrow buttons. If one of the three AE modes is selected, then the buttons will not work.
Cheers