Predicted to enable phosphatidylinositol-4,5-bisphosphate 4-phosphatase activity. Predicted to be involved in negative regulation of phagocytosis and phosphatidylinositol dephosphorylation. Predicted to be integral component of membrane. Predicted to be active in bounding membrane of organelle and plasma membrane. Orthologous to human PIP4P2 (phosphatidylinositol-4,5-bisphosphate 4-phosphatase 2). [provided by Alliance of Genome Resources, Apr 2022]