Yes, they are. At least the classical theories. These theories can be said to be approximate descriptions of reality, or alternatively, exact descriptions of fictional universes that resemble our own.
It's possible that some quantum theory is an exact description of reality, since there are still no experiments that contradict the predictions of quantum mechanics (the framework in which quantum theories are defined). But there's also a good chance that quantum mechanics is something less than a model of reality in the sense described above. In that case, it would be just an assignment of probabilities to statements of the form "If I use measuring device A on object S, the result will be in the set E". The classical theories can also be thought of as probability assignments, but we usually don't think of them that way, since the probabilities are all 0 or 1 unless there's some uncertainty about how the system was prepared. In QM, the probabilities can be non-trivial (neither 0 nor 1) even when we have all the information about how the system was prepared.
QM can certainly be said to describe a fictional universe, but the idea that this universe is approximately like our own has some very strange consequences. It's not clear which one of the possible consequences would be the "real" one. The two possibilities that I'm somewhat familiar with are 1) Some of the laws of logic break down, and 2) Our universe is just one of infinitely many, that are all "aspects" of the properties of the reality described by the theory.