אוֹדִיעוּ אֲרוּם יְיָ הוּא אֱלָהָא הוּא עֲבַד יָתָנָא וְדִילֵיהּ אֲנַחְנָא עַמֵיהּ וְעָאן רַעְיָתֵיהּ.
1. and we are His | [וְלוֹ] (ולא) אֲנַחְנוּ – This translation accords with the way the text is read. However, the verse is written: "ולא" (and not), according to which the verse would mean: "He made us, and not we", emphasizing that everyone is who he is due to God, not due to his own efforts (Radak).
2. His people | עַמּוֹ וְצֹאן מַרְעִיתוֹ – According to this translation, these words refer back to the pronoun "אֲנַחְנוּ" (we are), which connects both to what precedes and follows it: "we are His, [we are] His people..." Cf. Sforno who connects the phrase to the word "עָשָׂנוּ" (made us), translating: "He made us [into] His people and the sheep of His pasture, not we" [i.e. He chose us; we did not merit this on our own]. Ibn Ezra cites R. Saadia who suggests that the clause modifies the word "דְּעוּ" (know), translating: "Know you, His nation and the sheep of His pasture, that Hashem is God..."