The purpose of this paper is to clarify what metaontological realism, as discussed in contemporary metaontological literature, amounts to. Although metaontological debates are of relatively long standing, the terms ‘realism’ and ‘anti-realism’ have only recently come to be regularly applied to metaontological positions. The new usage is not fully stable. This paper aims to: (1) distinguish three key claims associated with the term ‘realism’ in metaontology, and give some initial reasons why it is important to be very clear about the differences between these claims; (2) argue that the three ‘realist’ claims are independent of one other; and (3) argue that the label ‘ontological realism’ is best attached to just one of the three claims, namely the claim that the facts of ontology are objective.