This article investigates models of axiomatizations related to the semantic conception of truth presented by Kripke (J Philos 72(19):690–716, 1975), the so-called _fixed-point semantics_. Among the various proof systems devised as a proof-theoretic characterization of the fixed-point semantics, in recent years two alternatives have received particular attention: _classical systems_ (i.e., systems based on classical logic) and _nonclassical systems_ (i.e., systems based on some nonclassical logic). The present article, building on Halbach and Nicolai (J Philos Log 47(2):227–257, 2018), shows that there (...) is a sense in which classical and nonclassical theories (in suitable variants) have the same models. (shrink)