Enables calcium-dependent phospholipase A2 activity and heparin binding activity. Involved in several processes, including arachidonic acid secretion; leukotriene biosynthetic process; and platelet activating factor biosynthetic process. Located in Golgi apparatus; perinuclear region of cytoplasm; and plasma membrane. Human ortholog(s) of this gene implicated in familial benign fleck retina. Orthologous to human PLA2G5 (phospholipase A2 group V). [provided by Alliance of Genome Resources, Apr 2022]