We investigate the charge retention characteristics in a metal-insulator-semiconductor capacitor containing Ge nanocrystals (∼3 nm in diameter) using capacitance-voltage measurements with various gate bias sweep rates. The metal-insulator-semiconductor capacitor is fabricated by pulsed laser deposition and rapid thermal oxidation. The capacitance-voltage curve shows the strong hysteresis indicating charging/discharging of carriers during the gate bias sweeping. The stored charge densities, evaluated from the flat band voltage shifts, show the non-dispersive carrier relaxation, which is a characteristic property for nanocrystals arranged in a layer. In addition, we observe an interesting capacitance ledge during forward bias sweeping. From the trap distribution determination by the Terman method, the capacitance ledge is due to an energetically localized trap at 0.33 eV + E v . The energetic position of the trap is in agreement with the ground-state hole energy level in the Ge nanocrystals. This suggests the possibility that the trap level is related to the fact that the stored charges initially tunnel out at the ground-state hole energy level.