Predicted to enable phosphatase activity and vasopressin receptor activity. Predicted to be involved in several processes, including negative regulation of phosphate metabolic process; negative regulation of transport; and regulation of cellular macromolecule biosynthetic process. Predicted to act upstream of or within glucose homeostasis; in utero embryonic development; and response to insulin. Predicted to be located in several cellular components, including perinuclear region of cytoplasm; ruffle membrane; and trans-Golgi network. Predicted to be active in endoplasmic reticulum; plasma membrane; and ruffle. Human ortholog(s) of this gene implicated in congenital muscular dystrophy with cataracts and intellectual disability. Orthologous to human INPP5K (inositol polyphosphate-5-phosphatase K). [provided by Alliance of Genome Resources, Apr 2022]