diff --git a/net/py-s3transfer/Makefile b/net/py-s3transfer/Makefile
index f5e9215a525a..82bbce993ecb 100644
--- a/net/py-s3transfer/Makefile
+++ b/net/py-s3transfer/Makefile
@@ -1,27 +1,27 @@
 PORTNAME=	s3transfer
-PORTVERSION=	0.4.2
+PORTVERSION=	0.5.0
 CATEGORIES=	net python
 MASTER_SITES=	CHEESESHOP
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	bhughes@FreeBSD.org
 COMMENT=	Amazon S3 Transfer Manager for Python
 
 LICENSE=	APACHE20
 LICENSE_FILE=	${WRKSRC}/LICENSE.txt
 
 RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}botocore>=1.12.36:devel/py-botocore@${PY_FLAVOR}
 TEST_DEPENDS=	${PYTHON_PKGNAMEPREFIX}nose>=1.3.3:devel/py-nose@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}mock>=1.3.0:devel/py-mock@${PY_FLAVOR}
 
 USES=		python:3.6+
 USE_PYTHON=	autoplist distutils
 
 NO_ARCH=	yes
 
 # setup.py test runs integration tests which fail
 # https://github.com/boto/s3transfer/issues/41
 do-test:
 	@cd ${WRKSRC} && ${PYTHON_CMD} -m nose -v tests/unit tests/functional
 
 .include <bsd.port.mk>
diff --git a/net/py-s3transfer/distinfo b/net/py-s3transfer/distinfo
index 22ee317065fc..87f96cb00cfc 100644
--- a/net/py-s3transfer/distinfo
+++ b/net/py-s3transfer/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1619726039
-SHA256 (s3transfer-0.4.2.tar.gz) = cb022f4b16551edebbb31a377d3f09600dbada7363d8c5db7976e7f47732e1b2
-SIZE (s3transfer-0.4.2.tar.gz) = 129664
+TIMESTAMP = 1632779595
+SHA256 (s3transfer-0.5.0.tar.gz) = 50ed823e1dc5868ad40c8dc92072f757aa0e653a192845c94a3b676f4a62da4c
+SIZE (s3transfer-0.5.0.tar.gz) = 133535