PNG Transparency and Translucency combined UE5

I know how to make a PNG transparent(Blend mode: masked) and translucent(Blend mode: translucent). But how can I make it both translucent and transparent simultaneously?

I tried to figure it out on my own for hours, but wasn’t able to. Because I am relatively new to Unreal engine overall.

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Masked is not transparent. It’s more like a ‘cut-out’ material.

Translucent is the same as transparent: see-through.

If you want see-though with bits cut out ( both ), then that’s basically translucent

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