Predicted to enable phosphatidylinositol-3,5-bisphosphate 3-phosphatase activity; phosphatidylinositol-3-phosphatase activity; and protein homodimerization activity. Predicted to be involved in phosphatidylinositol dephosphorylation and regulation of phosphatidylinositol dephosphorylation. Predicted to be located in plasma membrane. Predicted to be active in cytoplasm and membrane. Orthologous to human MTMR1 (myotubularin related protein 1). [provided by Alliance of Genome Resources, Apr 2022]