Why is there no Overshoot in this second order system?

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A second-order system which has a damping factor of less than $1$ should have an overshoot right?

The formula for this is:

$$\exp{(-\pi*\zeta/\sqrt{1-\zeta^2})}$$

But I have noticed that if the time constant is very large, and the gain is very small, there is no overshoot whatsoever.

In MATLAB's Control System Toolbox, I simulated the transfer function $$g(s) = \frac{4.2}{s(1 + 6.91s)}$$ with a compensator of $K = 0.01$ in a closed-loop circuit with unity feedback. There should have been some overshoot and oscillation since the system is not critically damped, but there isn't!