In this work, we fabricated the In0.53Ga0.47As metal-oxide-semiconductor field-effect-transistors (MOSFETs) with a MOS interface of Y2O3/In0.53Ga0.47As and recessed gate structure. We investigated the interfacial properties of the gate stack and the junction characteristics of the fabricated MOSFETs. Low subthreshold slope (SS = 110mV/dec), high on/off current ratio (I-on/I-off = 10 6), and high effective mobility of 1600 cm(2)/V.s were achieved in the MOSFETs at a sheet charge density (N-s) = 1.2 x 10(12) cm(-2). From the temperature dependence of I-V characteristics, the interface trap density was extracted to be D-it = 2.2 x 10(11) cm(-2).eV(-1) with a negligible trap-assisted leakage current. Published by AIP Publishing.